If you’ve turned on a TV or opened a newspaper in the past 20 years, you’ll be aware that migration is a hot topic on all sides of the political spectrum in both wealthy and emerging economies.
The topic is heavily emotionalised with accusations from all sides, saying that facts and public opinion are being ignored.
What is almost certain to be ignored, however, is that as populations age, specifically in wealthier developed countries, migration is all but the only way to plug the gap in the labour markets.
It is estimated that the UK’s 65+ population is set to double in size over the coming century from 12 million to 24 million, according to a paper from Aviva on the UK’s workforce make-up.
In 2024, the total fertility rate (TFR) was 1.41 children per woman for England and Wales, compared to 1.42 in 2023. The 2024 TFR represents the lowest value on record for the third consecutive year.
2026 is expected to see the start of a long-term British trend of deaths outnumbering births. A think tank says future population growth will depend on immigration.
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