BRITAIN will have to let in around seven million immigrants over the next 50 years to pay for its ageing population, the official financial forecaster warned yesterday.
The rapidly growing number of pensioners and the fact we live longer will take a toll on an already strained health care system.
And the pressure on public finances will become “unsustainable”, the Office for Budget Responsibility said.
Its report said allowing more than 140,000 immigrants into the UK each year for 50 years – equivalent to seven million – would help increase the overall number of people who are in work and improve public finances.
The alternative would be an extra £19billion in tax rises and spending cuts.
Other recommendations in the annual Sustainability Report include cutting the cost of the state pension and increasing the retirement age again.
The report warns that the burden of pensions and health care could wipe out much of Chancellor George Osborne’s spending cuts, leaving the UK with a £65billion hole in its finances.
Stephen Lowe, of Just Retirement, said: “This report makes it clear that the difficulties we already face with an ageing population are going to be far more severe for our children and their children.”
But Sir Andrew Green, of MigrationWatch, described the idea of funding pensioners by encouraging immigration as “crazy”. He said: “We are already the most overcrowded country in Europe.
The traitors have not thought this policy through. How do we then pay for the immigrants when they grow old?