Whiskeyron
ALL immigration?
You sure about that?
Any idea how that would hit the IT, finance, pharmaceuticals, agriculture and service industries which rely on skilled temporary labour with specific skillsets?
The first thing that would happen is that the service industries would have to hike up salaries for British workers, which would lead to inflation (remember the 70s?)
Furthermore, with a less flexible workforce, industry would become less competitive when compared to other trading nations.
You may think "Just hire Brits to take up the slack", but that's not a robust solution - because in conjunction with the shortfall in skills, you would have industry contracting due to higher interest rates which would be introduced to counter inflation caused by high wage demands.
I THINK I've got that the right way round...but am happy to be corrected.