The coronavirus pandemic has fuelled an “unprecedented exodus” of migrant workers that has caused the UK population to plummet and may result in “profound” damage to London’s economy, according to a new study.
The Economic Statistics Centre of Excellence says that analysis of estimated labour figures suggests more than half a million non-UK-born people left in the year from September 2019, contributing to a total 1.3 million drop in the population.
The study findings – which contradict official data – indicate that the population of London alone has fallen by 700,000, equivalent to around 8%. If this decline continues, “the medium to long-term implications for London will be profound”, the study authors warn.
My comment: Not to mention the cost and availability of offices and homes, as increasingly more people migrate to the Continent.