Report suggests UK growth driven by immigration but fails to improve living standards

Record immigration in the UK has failed to boost GDP per person and is concealing a productivity crisis, according to the Resolution Foundation. The report highlights that while the UK's population has grown significantly due to immigration, GDP per capita has only increased by 4.3% over the past 16 years, compared to 46% in the previous 16 years. The Foundation emphasizes the importance of productivity for living standards and criticizes the UK's poor performance in this area. The report also mentions that the UK's employment boom is unlikely to continue, as migration levels are expected to decrease and an aging population will impact future workforce growth. Additionally, the UK's weak performance in goods trade post-Brexit is highlighted, with many manufacturing businesses facing challenges with exporting. The Resolution Foundation challenges Rishi Sunak's claim of a booming economy, stating that the overall economic performance since 2010 has been stagnant, with productivity growth at its lowest level in 200 years. The report underscores the need for increased investment to stimulate economic growth and calls for political manifestos to address the productivity crisis.