Economic Fallouts of Labor Force Immigration in Great Britain

The Brexit issue and the subsequent decision of British majority in referendum on Britain's leaving the European Union have changed the labor migration development flows into the country. The preferred target country for migrant workers from the new EU Member States communicates its ideas about anti-immigration policy that is reflected in a decline of migrant's interest to work in this country. The study, based on labor immigration development into the UK, identifies migration trends and explains the impact of immigration on selected macroeconomic indicators of the country by means of calculations of labor migration benefits and losses as a result of cheap labor force coming from Central and Eastern European countries. The implementation of calculations is based on data available from Eurostat, WTO, OECD, OBR UK, the Department for Work and Pensions UK and HM Revenue and Customs UK, World Bank and on empirical surveys data published in professional publications. The study explores several economic and social criteria, and through mathematical calculations, the losses and benefits of immigration to the country and society are to be recalculated.

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