If Cameron wants to reduce debt, he needs more immigrants

A high level of immigration helps to reduce government borrowing, says the OBR.

If David Cameron really wants to pay off "the nation's credit card", he might want to adopt a less restrictive immigration policy. One of the headline findings of today's Office for Budget Responsibility Fiscal sustainability report is that a high level of net migration helps to reduce government borrowing. It notes:

Higher net inward migration than in our central projection – closer to the levels we have seen in recent years, for example – would put downward pressure on borrowing and PSND, as net immigrants are more likely to be of working age than old age than the population in general.

As the graph above shows, while zero net migration would see the national debt rise to more than 160% of GDP by 2060-61, a policy of high migration would see it increase to little more than 40%. Yet Cameron, who has described deficit reduction as the "guiding task" of the coalition, seems determined to impose even more restrictions on immigration, recently suggesting that the UK could block Greek migrants from entering the country if Greece leaves the euro. Reducing net migration "from hundreds of thousands to tens of thousands", as Cameron aims to do, would significantly weaken the economy. But the PM, never one for detail, is unlikely to be swayed by the OBR.

David Cameron talks to UK border agency officials in their control room during a visit to Heathrow terminal 5. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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En français, s'il vous plaît! EU lead negotiator wants to talk Brexit in French

C'est très difficile. 

In November 2015, after the Paris attacks, Theresa May said: "Nous sommes solidaires avec vous, nous sommes tous ensemble." ("We are in solidarity with you, we are all together.")

But now the Prime Minister might have to brush up her French and take it to a much higher level.

Reuters reports the EU's lead Brexit negotiator, Michel Barnier, would like to hold the talks in French, not English (an EU spokeswoman said no official language had been agreed). 

As for the Home office? Aucun commentaire.

But on Twitter, British social media users are finding it all très amusant.

In the UK, foreign language teaching has suffered from years of neglect. The government may regret this now . . .

Julia Rampen is the editor of The Staggers, The New Statesman's online rolling politics blog. She was previously deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines.