Immigration the Hidden Driver of Surprise Growth ; City Comment

Summary


THE Centre for Economics and Business Research produced a report the other day which deserved to get much more attention than it did because it went some way towards explaining three of the most confusing economic issues in Britain today.

Why is economic growth in this country so much higher than the economists predict and so resilient in the face of interest rate increases and an unprecedented level of consumer debt?

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Extract


Immigration the Hidden Driver of Surprise Growth ; City Comment

Why is the housing market so steady when it too is subject to the same pressures - pressures which in earlier times would have caused a much more marked easing of prices?

Also, given the complaints about the levels of competi...

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