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Immigrants vs Billionaires

Okay, balance sheet for Britain: costs on the left, gains on the right. One line is migrants (jobs, fees, growth), the other is wealth extraction (and tax gap).

How many do we let in?

Default is a medium-run reference level (~700k), not last year’s provisional low point; that gives a steadier baseline for testing hypothetical yearly intake.

~700,000 people / year
Against current baseline
100%
30% Current ~700,000 220%

Drag the handle to test scenarios.

Estimated annual costs vs benefits (UK as proxy)

£ billions

Billionaires (~55 People)
~£80Bn
Billionaires (Wealth extraction, consumer detriment, tax gap)
~£8Bn
Billionaires (Mostly philanthropy)
Immigrant People (~700,000/yr)
~£12Bn
Immigration (Regular + irregular support and service costs)
£47.5Bn
Immigration (+GDP, fees, real economy)
Costs
Benefits

Billionaire assumptions

Harms

Consumer detriment categories below are an illustrative split of the NatCen total (£71.2Bn), so you can test assumptions.

Gains

CAF's £7.96Bn estimate is for the wealthiest 1% (millionaires), not billionaires specifically. This model uses a generous billionaire-attributed estimate of 50%: ~£4.0Bn.

Immigration assumptions

Selected costs also reduce selected benefits proportionally in this model to represent underinvestment drag. This includes both regular and irregular migration costs.

Costs

Why the lower end is around a quarter-million: ONS’s latest provisional estimate puts UK long-term net migration at 204,000 in YE June 2025, down from 649,000 a year earlier. That drop is huge. The estimates are provisional and revised over time, so yes, there can be a bit of numberwangery in the first pass, but it is still a very sharp fall.

Immigrants aren't expensive, they're a great deal

If you’re blaming immigrants because you think they’re “expensive”, you’ve been sold the wrong villain. On official-style forecasting, immigration mostly looks like a return. The big, boring drain is extraction and leakage at the top.

Immigration net (benefit − cost)
£35.4Bn
“Billionaires” net (benefit − cost)
−£71.2Bn

Numbers

This is a rough “what’s the order of magnitude?” model, not a perfect economic forecast. Each line below says what number we used, why we used it, and where it came from.

Final note from Better Britain Bureau

Blame less. Check the balance sheet.

Of course this is a false dichotomy, but the media likes to pretend this is how it works, so here we are.

Every time a billionaire complains about immigrants, they're talking bollocks.

This microsite is a side quest from Better Britain Bureau. For the full deep-dive, read A Year of Labour: what happened, what worked, what failed, and what got quietly buried in headlines.

A Year of Labour report cover artwork Flagship report
Campaign image: is that billionaire weighing you down? get an immigrant.

FAQ

Stuff people argue about, answered in plain English.

How to read the comparison

Is this saying “billionaires personally cause £X of harm” and immigrants personally create £Y of benefit?

No. It’s comparing two big buckets people argue about: visible spending blamed on immigrants vs the much larger bucket of “money leaking upward” through market power, weak enforcement, and tax leakage. Billionaires are shorthand for that concentrated-power bucket, not the sole mechanism. The sources guide sensible estimates based off national known figures.

Why call it “billionaires” at all if the numbers aren’t literally “billionaire spending”?

Because it’s about who people blame. The harm bucket mostly tracks the kind of economy you get when wealth and power concentrate: pricing power, rent-taking, regulatory capture, aggressive tax structuring. It's about how (and how much) the system that creates billionaires costs you. It's not about mustache-twirling and mega-yachts, but about the cost of being controlled.”.

Consumer detriment isn’t “billionaires”, it’s just normal business stuff. Isn’t this dishonest?

Consumer detriment is the cost of crappy markets: overcharging, junk fees, low competition, rip-offs that are hard to notice individually. It isn’t “one billionaire’s invoice”. The point is scale: that bucket is enormous compared to what people normally point at when they say “immigrants drain us”.

Isn’t this apples and oranges?

Yes, deliberately. People compare them in real life all the time (“we can’t afford migrants” / “they’re the problem”), so the page shows the order-of-magnitude mismatch. It’s not a full macro model; it’s a sanity check.

You’re ignoring the benefits of wealthy people: investment, jobs, innovation.

Those exist, but they’re not unique to billionaires. Most jobs and investment come from ordinary firms, public spending, and broad market demand. If you want to credit exclusively wealthy-driven “investment” or innovation, you need a clean, attributable number that doesn’t double-count “the economy functioning”. Philanthropy is attributable; it’s also relatively small. I found almost zero 'innovation' or direct growth contributions in any way linked to very large companies or billionairs.

So why not just import ten million people and get infinite growth?

Because real life saturates. Housing, schools, NHS capacity, capital investment, and planning decisions set limits. The chart uses linear scaling and a reasonable cap for readability; the real curve bends if you don’t build and invest, but the demonstrated relative income is reasonable for this scale.

What about X metric?

I've included what I could reasonably claim giving the evidence I could find. There's a LOT more 'extraction' related costs that I didn't include because it was more about exploitative business practices, rather than billionaire-linked activities. Every single way I could find to measure immigrants, they came up 'profitable', but I couldn't find a single way of looking at billionaires that wasn't a loss to the British economy. Think I should add another metric? Let me know.

What about pressure on services and wages?

But my GP is rammed and housing is impossible. That’s not imaginary.

Totally real. The question is why it’s happening: we underbuild, we undertrain, we bottleneck planning, we hollow out services, and then we blame the newest people for pressures that were baked in. Migration can add demand, but policy decides whether supply follows. Done well, local services expand when more pressure arrives, because those people can fill those roles. There are edge cases where immigrants cost more, but investment in those services often comes because of the pressure becoming more impactful. It's simply not true to equate more people with more problems.

Immigrants take benefits though. I see it.

Some do, because life happens, but the “big picture” is mostly working-age people paying tax. Also: the most visible costs are the ones that get headlines (asylum hotels, temporary accommodation), not the steady boring flow of wages, VAT, and payroll taxes and SME engagement/activity.

Isn’t the main “immigration cost” actually wages being pushed down?

For most people, the effect is small. Where it bites is narrow: low-paid sectors with weak enforcement and weak bargaining. That’s a labour standards problem: minimum wage enforcement, union power, and stopping exploitation. Kicking out migrants doesn’t fix the broken labour market; it just shrinks the workforce and keeps the same bosses in charge.

If I’m poor enough to pick fruit, aren’t migrants literally my competition?

Yes, sometimes. Which is exactly why the enemy isn’t the other worker. The fight is: enforce wages, stop dodgy agencies, stop employers undercutting, and raise standards for everyone doing that work. “Blame migrants” is the story that lets your boss keep exploiting you AND the brown fella next to you.

Isn’t this just culture-war propaganda dressed up as economics?

It’s the opposite: it’s trying to drag the argument back to material reality. If your main objection is culture/identity, say that out loud — but don’t pretend the Treasury is collapsing under the cost of immigrants while far larger leaks go unmentioned.

Are you claiming immigrants are perfect and billionaires are evil?

No. It’s about scale and misdirected blame. Immigrants can create pressures; billionaires can donate money. The claim is: if you’re mad about being skint, you’re mostly looking in the wrong direction.

What would change your mind?

A credible, sourced case that (a) migration is a large net fiscal loss at the scale we’re talking about and (b) the extraction bucket is minor or already well-contained. If those flipped, the chart flips.