The fact base put together by London First and PwC is the most comprehensive review of the data available to date. The partnership between PwC and the ONS – the first of its kind – has enabled PwC to access and use detailed granular data from the ONS’s Virtual Micro-Laboratory.
The aim of this report is to provide a factual summary of how migration to London from Europe and beyond has affected London’s population, workforce and economy. The intention is to assist Government politicians and policymakers in their development of the UK’s immigration policy as part of the Brexit negotiations. In addition, the report will assist business in its analysis of the impact of migration on talent within their own organisations and supply chains. Throughout the report, a migrant is defined as someone born outside of the UK but whose primary place of abode is within the UK.
The report paints a clear picture of where migrants to London over the period from 2005 to 2015 have come from, what they do when they arrive here, and what their overall economic impact is. The report also measures the economic impact of migrants on London’s economy using modelling which captures interactions between different sectors of the economy, households and the government.
London’s growth, in part driven by the people it attracts from abroad, is creating more jobs and delivering economic benefits
- London’s population is growing
- London’s population has grown from 7.4m in 2005 to 8.7m in 2015
- London’s growing talent pool mirrors its economic growth
- Migrants come to London for a variety of reasons
- Migration is delivering benefits for London, and around the UK
- London is a skilled city
- London is one of the world’s most popular cities for international students
- Londoners perform a range of roles that, on the whole, varies by region of birth
- Migrants play an important role in many of London’s key industries, and the report is illustrated with more detailed analysis of the Construction, Financial Services, NHS, Hospitality and Retail sectors in London.
Chosen excerpts by Job Market Monitor. Read the whole story at Facing facts: the impact of migrants on London, its workforce and its economy