Douglas Carswell

21 APR 2016

Brexit will create more and better jobs

Unemployment is up. Project Fear predictably points the finger at the prospect of Brexit. But to create not just more but better jobs, we need controlled immigration, less business regulation, and more free trade. For that, we have to vote Leave.

Unemployment may still be low, but for many people in Britain it's not easy to find a job. EU free movement rules have hugely increased the labour supply, as millions of EU nationals have come to the UK in search of higher pay. In-work tax credits and the rising minimum wage have only added to the incentive.

Because the labour supply is limitless, wages have stagnated – particularly at the lower end of the labour market. People applying for those jobs are facing more competition for less reward.

Open-door immigration is one of the reasons Britain's economic 'recovery' has been so unconvincing. The combination of zombie banks and a cheap workforce has pushed businesses to be labour, rather than capital, intensive. Instead of investing in new technology to become more efficient, companies have relied on low-wage workers. Consequently, our productivity has also stagnated.

The EU is an obstacle to productivity in other ways too. Reams of business regulation prevents innovation, and costs British businesses an estimated £600 million every week. Trade barriers stop us accessing expanding global markets beyond the borders of the world's only declining trading bloc.

If we leave the EU, we can rebalance our economy. We can have a fair, points-based immigration system, which prioritises high-skilled labour that complements capital, rather than low-skilled labour that acts as a substitute for it. We can repeal the regulation holding our business back. We can enable our companies to go global.

Controlled immigration, faster innovation, and wider trade means not just more jobs, but better-paid jobs too. Make it happen: vote Leave.

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