The Spectator

Barometer | 28 March 2013

issue 30 March 2013

Economic migrants

David Cameron announced that the government would make it harder for migrants to claim benefits, NHS treatment and social housing. Do migrants make a positive contribution to the public coffers?

— A Home Office study using data from 1999-2000 concluded that migrants paid £31.2bn in taxes and used £28.8bn in public services, for a net contribution of £2.5bn
— A paper in the Oxford Review of Economic Policy, using data from 2003/04, found migrants contributed a net £600m
— The Institute of Public Policy Research, using data from 2003/04, concluded that migrants cost the country a net £400m
— The pressure group MigrationWatch, also using data from 2003/04, concluded that migrants cost the taxpayer a net £5bn
— The House of Lords select committee on economic affairs, in 2008, found migrants had a ‘small’ overall effect, which official data was not good enough to quantify.

Lands of plenty

Boris Berezovsky’s death drew attention to wealthy Russians. What nationality are the world’s 100 richest individuals?

US 36
Russia 11
Germany 6
Brazil, Hong Kong 5
France 4
India, Italy, Mexico 3
Colombia, Malaysia, Saudi Arabia,
Sweden, Thailand
2
Australia, Canada, Chile, China, Cyprus, Japan, South Korea, Spain, Switzerland, Netherlands, Nigeria, Philippines, UK, Ukraine 1

Source: Forbes

The millionaires’ club

Which bank has the most staff earning over £1 million a year?

Barclays 428
HSBC 204
RBS 93
Lloyds 25
Santander 19

Off the rails

How have passenger numbers changed before and since the publication of Dr Beeching’s report, which led to the closure of nearly half the railway system?

1913 1.42bn
1953 985m
1963, Beeching report published 938m
1983 695m
1993 740m
2003 1.01bn
2011 1.46bn

Source: Association of Train Operating Companies

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