Seema Malhotra – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Seema Malhotra on 2015-12-07.

To ask Mr Chancellor of the Exchequer, what estimate he has made of the change in tax income receipts arising from net migration being limited to tens of thousands.

Mr David Gauke

No estimate has been made of the change in income tax receipts arising from net migration.

Since May 2010 the Office for Budget Responsibility (OBR) has served as the Government’s independent fiscal watchdog. This includes responsibility for issuing five-year forecasts for the economy and public finances, at least twice a year, and assessment of the key sensitivities to this medium term forecast.

The OBR has not viewed changes to net migration as one of the key risks or sensitivities to the medium term forecast.