How reduced access to EU talent could sting UK economy and employers

As the Brexit deadline draws ever closer, firms are already considering the impact that a reduced availability of EU talent will have on their businesses.

However, a new study from Oxford Economics highlights the effects will be even further-reaching – as the UK economy is likely to be hit hard, the Independent reports.

The researchers found that the average migrant from the EU contributes £2,300 more to the exchequer each year in net terms than the average adult, and over their lifetimes they pay in £78,000 more than they take out in public services and benefits.

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The average UK citizen’s net lifetime contribution is zero.