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Hidden in today’s budget :-
Net migration is projected to be minimum 315,000 every year, up from 245,000
The Office for Budget Responsibility has harmonised with the Office for National Statistics on this figure
This means the Treasury will make fiscal policy on this assumption
Very differently to Chancellor Jeremy Hunt's promise at the dispatch box today, that our economy will focus on increasing GDP per capita, and not source GDP growth from mass migration anymore
This also means that, yet again, the budget for public services will fall short of the demand being artificially inflated by government policy to import record numbers of foreign nationals
Source: Paul Johnson of the Institute for Fiscal Studies
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