US EditionReeves pushes for EU youth migration scheme ahead of Budget
Rachel Reeves aims to persuade the Office for Budget Responsibility to count economic gains from a youth mobility scheme worth up to £5 billion annually to ease tax pressures.
- Chancellor Rachel Reeves has advocated for a comprehensive youth migration agreement with the EU ahead of the November 26 budget to help strengthen public finances.
- The UK agreed in May 2024 to work toward a time-limited youth experience visa allowing 18-to-30-year-olds to stay for two years without settlement rights, amid ongoing negotiations.
- Reeves argued that the youth mobility scheme would boost economic growth and benefit businesses, and she urged the official budget watchdog to factor its advantages into their forthcoming economic assessment.
- Research last year found that a net migration increase of 31,000 annually via such a scheme could raise GDP by 0.45% over ten years and generate up to £5 billion yearly.
- The scheme could help reduce the chancellor's forecasted fiscal gap of £20-30 billion, potentially limiting the need for tax rises or spending cuts in the budget.
10 Articles
10 Articles
Labour’s Youth Mobility Deal Hands Brussels a Backdoor to Britain
Britain’s Labour government is moving ahead with plans for an “ambitious” youth mobility deal with the European Union, a scheme that would allow tens of thousands of young Europeans to live and work in the UK each year, competing with British graduates. Chancellor Rachel Reeves claims the agreement will boost economic growth and help fill a £30 billion budget shortfall—but the plan looks increasingly like the thin end of the wedge for restoring…
Daily Express
1fakt.com'Desperate' Rachel Reeves accused of unravelling Brexit to rescue UK finances
The Chancellor is betting a youth mobility scheme with the EU will bolster Britain's growth prospects but she is warned she faces a black hole of her own making
Rachel Reeves now urges Keir Starmer to open Britain's borders - just days after EU issued same demand
Rachel Reeves has called on Keir Starmer to agree to an "ambitious" migration agreement with the European Union that would permit young Europeans to work in Britain
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