Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High

Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High

Net Migration To The UK Falls By 88% As Asylum Claims Reach 20-Year High

The UK recorded a major fall in net migration last year as figures show a huge reduction in the number of people arriving due to the Covid-19 pandemic and Brexit.

Data from the Office for National Statistics (ONS) for 2020 show migration patterns to and from the UK have changed. The ONS found that net migration – the difference between immigration and emigration – fell by 88 per cent since 2019, to its lowest level since 1993.

Net migration in the UK was 34,000 in 2020, compared with 217,000 the year before, analysis showed.

This is the first time net migration has fallen to former Prime Minister David Cameron’s “tens of thousands target” more than a decade ago.

The number of immigrants coming to the country more than halved to an estimated 268,000 in 2020, compared with 592,000 people the previous year.

Emigration also fell in 2020, with about 234,000 people leaving the UK to live abroad in 2020, compared with 300,000 people the year before.

The reduction in immigration was recorded in all three main groups – European Union citizens, non-EU citizens and returning British expatriates.

A total of 94,000 more EU citizens left Britain than arrived, with far fewer Europeans entering Britain and emigration levels remaining steady.

The authors of the ONS study said in addition to the pandemic, Brexit was a telling factor. Britain left the EU at the end of January 2020 – although EU citizens retained the right to move to the UK until the end of that year.

27 migrants die in Channel as boat overturns off the coast of France

The migrant crisis continues as thousands of people enter the UK illegally despite this week’s tragedy.

Asylum applications to the UK have reached their highest level since 2004, according to official estimates. Claims were up 18% on 2020 – when Covid travel limits were in place – but it is only a small increase on 2019 levels.

India to Ban Cryptocurrencies

As a number of major economies plan to launch digital currencies, India is set to follow China in banning Cryptocurrencies.

The ban will relate to all private cryptocurrencies with certain exceptions to allow the promotion of the underlying technology and its uses.

Cryptocurrency prices dropped on Indian exchanges after the decision on the bill’s future was announced.

According to a government bulletin, the ban is part of the proposed Cryptocurrency and Regulation of Official Digital Currency Bill that will be introduced in its winter session.

The planned legislation aims “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India (RBI)”.

See also:

Interest Rates Held At 0.1% But Will Rise Soon

9 Habits To Develop Extreme Productivity

Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up

What Can You Invest In That’s Guaranteed To Go Up In Price In 12 Months? The Answer Will Shock You!

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