UK economy at risk of long-term irrelevance without immigration.

UK economy faces long-term irrelevance without immigration, warns Morgan Stanley's Jens Eisenschmidt. Worklessness, aging population, and a tight labor market exacerbate UK's struggle to offset migration benefits like EU's common market. Despite its language and top educational institutions, UK's inward-looking approach may hinder attracting migrants.

May 04, 2024
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