While all eyes are on the Middle East and the risk of a global recession, a possible scenario with significant downside risk for the UK economy after the next general election is building: the impact of anti-immigration policies.
We do not know enough about the actual policy changes a Reform UK-led government would impose, but if we get forced repatriation (including of some who were born in Britain) combined with a climate of fear, the economic disruption could be highly significant.
