Zia Yusuf has issued a major migration warning on GB News after taking aim at Rachel Reeves’s Spring Statement this afternoon.
After the Chancellor delivered her statement to MPs, the Office for Budget Responsibility (OBR) published a set of economic figures – all of which were finalised ahead of the US-Israeli war on Iran.
Regarding migration, the budget watchdog slashed its estimate by 60,000 a year – which Mr Yusuf told GB News sounded like “good news”.
Annual net migration is forecast to hit 235,000 over the period, dropping slightly from 295,000.
However, the Reform bigwig revealed the “good news” was only driven by British nationals fleeing the country, adding: “That is what is happening now.”
The OBR announced the drop was “driven entirely by a more negative assumption for net migration by British nationals”.
Mr Yusuf added: “And you know, we talk about replacement. This isn’t a conspiracy theory. This is literally what the Office of Budget Responsibility is saying is happening.
“And I think it’s a really dangerous time for this country. The sooner Rachel Reeves and this Labour Government had gone, the better.
Latest figures show net migration is expected to fall – but because of Britons fleeing the UK under Labour
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The set of OBR figures also showed unemployment is now expected to hit 5.3 per cent, a 0.4 per cent jump from last November’s peak forecast.
Discussing the figures, Mr Yusuf said: “Unemployment at a five-year-high in this country.
“Youth unemployment at ten year high. [Both figures show] no indication those things are going to get any better.”
Net migration is calculated by the number of people arriving to the UK, with those leaving the country subtracted from the tally.
RACHEL REEVES’S SPRING STATEMENT – READ THE LATEST:
Rachel Reeves gave her Spring Statement earlier today
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However, the concept of a potential mass exodus of Britons under Labour has been suggested by ONS figures – as well as by Mr Yusuf’s leader Nigel Farage – since November.
More than 110,000 Britons between the ages of 16 and 34 emigrated in the year to March, the Office for National Statistics said.
This age bracket was accountable for two-thirds of all departing Britons, while claims that Labour’s record-breaking tax hikes have instilled fear in aspiring youths.
During that same month, Mr Farage issued an eerie warning over the possibility of a “modern-day brain drain” while he forecast a mass exodus of Britain’s “ambitious” youth.
Speaking to GB News last November, Mr Farage forecast where Britain’s pioneering youngsters could be eyeing up to flee Ms Reeves’s staggering £26billion tax hikes, including other European nations.
The Reform UK leader said at the time: “My take on [the budget] is that the exodus that is happening is a disaster.
“The figures will fuel claims that Rachel Reeves’s record tax rises have made Britain unattractive to the young and aspirant.
Increases to National Insurance and the minimum wage increased the cost of hiring, leading to a slump in graduate jobs and warnings that those in the early stages of their careers are being priced out of the employment market.