Farage would tank the economy for racism

Nigel Farage’s anti-immigration policies are reprehensible racism. And, they’re completely unviable for the economy.

Dr Benjamin Caswell, a senior economist at National Institute of Economic and Social Research (NIESR), has said:

Net zero migration leaves the economy 3.6% smaller by 2040 and this reflects slower employment growth and a smaller workforce.

Farage would tank the economy

The vast majority of people coming to the UK are studying or working, or their dependants. In fact, people born outside the UK but living here are more likely to be employed than UK born residents. Towards the end of 2025, 74.7% of UK-born residents were employed, compared to 81.1% of EU born residents and 74.8% of non-EU and non-UK born residents.

Farage’s anti-immigration policies are not only unprincipled, but economically deficient. His party Reform aims to deport 600,000 people from the UK over the course of a parliament. And that’s before you get to added restrictions on people arriving. As NIESR research shows, this would contract the economy because we are relying on people from other countries to support our workforce.

Caswell continued:

Imagine it as like freezing the population where it is, and then just having a continually ageing population. In the short to medium term, it’s not too detrimental, but over 20 years this gap [in spending and receipts] becomes continually larger and larger.

This is because the UK’s fertility rate is just 1.44. In order for the population to be replaced, it must be 2.1.

The cause of less children: inequality

In 1964, the UK’s fertility rate was 2.9. People could afford houses, had free university, and a much cheaper cost of living due to the nationalisation of essentials.  Now no one can afford a home. Many of us don’t have the financial security to have children. Student debt is hanging over us and the cost of living keeps getting worse.

Another issue is the ratio of older people to the workforce. In 1973, there were 21.8 retired people for every 100 people working. Now there are 30.4 retired people for every 100 workers.

As economist Richard Murphy summarises:

We have a system which is, in other words, basically hostile to children; hostile to the actual fact of having children; hostile to the support of children; hostile to the parents who want to support children financially and who can’t because the system makes that nigh on impossible for them to do so. Hostile to the whole idea that we should be able to reproduce in the way that we need to. And now hostile to migrants who might be able to help solve this problem by becoming the teachers and everything else that we need to fill the gaps in the system, or to simply provide the cover to ensure that sufficient nursery care is, for example, available. Everything is hostile to having children.

Automation and technological advancement could solve this. But Farage’s ideological anti-immigrant policies would only make it worse.

Featured image via the Canary