{"id":44,"date":"2014-07-08T16:34:41","date_gmt":"2014-07-08T15:34:41","guid":{"rendered":"\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/"},"modified":"2014-07-08T16:34:41","modified_gmt":"2014-07-08T15:34:41","slug":"the-mac-on-the-obr-and-public-debt","status":"publish","type":"post","link":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/","title":{"rendered":"The MAC on the OBR and Public Debt"},"content":{"rendered":"<p>On Thursday the Office of Budget Responsibility will release their latest Fiscal Sustainability report.&#0160;<\/p>\n<p>The Migration Advisory Committee have looked at the OBR\u2019s 2013 Fiscal Sustainability Report and their finding that higher net migration would lead to a reduction in debt as a percentage of GDP over a 50 year time frame.&#0160; The OBR had concluded that \u201cimmigration has a positive effect on the public sector\u2019s debt dynamics\u201d. This was based on the assumption that migrants had the same skills profile as natives and on the fact that they were more likely to be of working age.<\/p>\n<p>However, as the MAC noted, \u201cthe full effects of migrants retiring are not fully captured in the model\u201d.&#0160; They state in paragraph 8.63 of their report<a href=\"file:\/\/\/C:\/Users\/Jack%20Mason\/Downloads\/The%20MAC%20on%20the%20OBR%20and%20Pubic%20Debt%20blog.docx#_ftn1\" name=\"_ftnref1\" title=\"\">[1]<\/a><\/p>\n<p><em>\u201cTherefore higher migration may well help reduce public sector net debt. However this is probably a temporary effect and the gains would need to be weighed against other costs and benefits arising from the increased migration.\u201d<\/em><\/p>\n<p>This is consistent with our own assessment of the OBR set out in our blog on in August last year<\/p>\n<p>http:\/\/news.migrationwatch.org.uk\/2013\/08\/the-obr-and-immigration-revised.html<\/p>\n<p>It will be interesting to see how the issue is covered in the OBR report on Thursday.<\/p>\n<p>&#0160;<\/p>\n<p>&#0160;<\/p>\n<p>&#0160;<\/p>\n<div><br clear=\"all\" \/><\/p>\n<hr align=\"left\" size=\"1\" width=\"33%\" \/>\n<div id=\"ftn1\">\n<p><a href=\"file:\/\/\/C:\/Users\/Jack%20Mason\/Downloads\/The%20MAC%20on%20the%20OBR%20and%20Pubic%20Debt%20blog.docx#_ftnref1\" name=\"_ftn1\" title=\"\">[1]<\/a> <a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/327997\/MAC-Migrants_in_low-skilled_work__Full_report_2014.pdf\">https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/327997\/MAC-Migrants_in_low-skilled_work__Full_report_2014.pdf<\/a> page 226<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday the Office of Budget Responsibility will release their latest Fiscal Sustainability report.&#0160; The Migration Advisory Committee have looked at the OBR\u2019s 2013 Fiscal Sustainability Report and their finding that higher net migration would lead to a reduction in debt as a percentage of GDP over a 50 year time frame.&#0160; The OBR had [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,24],"tags":[],"class_list":["post-44","post","type-post","status-publish","format-standard","hentry","category-economics","category-migration-advisory-committee"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The MAC on the OBR and Public Debt - Migration Watch UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The MAC on the OBR and Public Debt - Migration Watch UK\" \/>\n<meta property=\"og:description\" content=\"On Thursday the Office of Budget Responsibility will release their latest Fiscal Sustainability report.&#160; The Migration Advisory Committee have looked at the OBR\u2019s 2013 Fiscal Sustainability Report and their finding that higher net migration would lead to a reduction in debt as a percentage of GDP over a 50 year time frame.&#160; The OBR had [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Migration Watch UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Migration-Watch-UK-127266704046495\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-08T15:34:41+00:00\" \/>\n<meta name=\"author\" content=\"Migration Watch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@migrationwatch\" \/>\n<meta name=\"twitter:site\" content=\"@migrationwatch\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/\"},\"author\":{\"name\":\"Migration Watch\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#\\\/schema\\\/person\\\/7c048c54116a6d0b625ab0fa06af243b\"},\"headline\":\"The MAC on the OBR and Public Debt\",\"datePublished\":\"2014-07-08T15:34:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/\"},\"wordCount\":229,\"publisher\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#organization\"},\"articleSection\":[\"Economics\",\"Migration Advisory Committee\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/\",\"url\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/\",\"name\":\"The MAC on the OBR and Public Debt - Migration Watch UK\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#website\"},\"datePublished\":\"2014-07-08T15:34:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/2014\\\/07\\\/08\\\/the-mac-on-the-obr-and-public-debt\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The MAC on the OBR and Public Debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/\",\"name\":\"Migration Watch UK\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#organization\",\"name\":\"Migration Watch UK\",\"url\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/wp-content\\\/uploads\\\/mw-logo-2019.png\",\"contentUrl\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/wp-content\\\/uploads\\\/mw-logo-2019.png\",\"width\":309,\"height\":125,\"caption\":\"Migration Watch UK\"},\"image\":{\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Migration-Watch-UK-127266704046495\\\/\",\"https:\\\/\\\/x.com\\\/migrationwatch\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/#\\\/schema\\\/person\\\/7c048c54116a6d0b625ab0fa06af243b\",\"name\":\"Migration Watch\",\"sameAs\":[\"http:\\\/\\\/www.migrationwatchuk.com\"],\"url\":\"https:\\\/\\\/www.migrationwatchuk.org\\\/news\\\/author\\\/mweditor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The MAC on the OBR and Public Debt - Migration Watch UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/","og_locale":"en_GB","og_type":"article","og_title":"The MAC on the OBR and Public Debt - Migration Watch UK","og_description":"On Thursday the Office of Budget Responsibility will release their latest Fiscal Sustainability report.&#0160; The Migration Advisory Committee have looked at the OBR\u2019s 2013 Fiscal Sustainability Report and their finding that higher net migration would lead to a reduction in debt as a percentage of GDP over a 50 year time frame.&#0160; The OBR had [&hellip;]","og_url":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/","og_site_name":"Migration Watch UK","article_publisher":"https:\/\/www.facebook.com\/Migration-Watch-UK-127266704046495\/","article_published_time":"2014-07-08T15:34:41+00:00","author":"Migration Watch","twitter_card":"summary_large_image","twitter_creator":"@migrationwatch","twitter_site":"@migrationwatch","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/#article","isPartOf":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/"},"author":{"name":"Migration Watch","@id":"https:\/\/www.migrationwatchuk.org\/news\/#\/schema\/person\/7c048c54116a6d0b625ab0fa06af243b"},"headline":"The MAC on the OBR and Public Debt","datePublished":"2014-07-08T15:34:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/"},"wordCount":229,"publisher":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/#organization"},"articleSection":["Economics","Migration Advisory Committee"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/","url":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/","name":"The MAC on the OBR and Public Debt - Migration Watch UK","isPartOf":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/#website"},"datePublished":"2014-07-08T15:34:41+00:00","breadcrumb":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.migrationwatchuk.org\/news\/2014\/07\/08\/the-mac-on-the-obr-and-public-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.migrationwatchuk.org\/news\/"},{"@type":"ListItem","position":2,"name":"The MAC on the OBR and Public Debt"}]},{"@type":"WebSite","@id":"https:\/\/www.migrationwatchuk.org\/news\/#website","url":"https:\/\/www.migrationwatchuk.org\/news\/","name":"Migration Watch UK","description":"","publisher":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.migrationwatchuk.org\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.migrationwatchuk.org\/news\/#organization","name":"Migration Watch UK","url":"https:\/\/www.migrationwatchuk.org\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.migrationwatchuk.org\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.migrationwatchuk.org\/news\/wp-content\/uploads\/mw-logo-2019.png","contentUrl":"https:\/\/www.migrationwatchuk.org\/news\/wp-content\/uploads\/mw-logo-2019.png","width":309,"height":125,"caption":"Migration Watch UK"},"image":{"@id":"https:\/\/www.migrationwatchuk.org\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Migration-Watch-UK-127266704046495\/","https:\/\/x.com\/migrationwatch"]},{"@type":"Person","@id":"https:\/\/www.migrationwatchuk.org\/news\/#\/schema\/person\/7c048c54116a6d0b625ab0fa06af243b","name":"Migration Watch","sameAs":["http:\/\/www.migrationwatchuk.com"],"url":"https:\/\/www.migrationwatchuk.org\/news\/author\/mweditor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/posts\/44","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":0,"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.migrationwatchuk.org\/news\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}