Tax cut plea to attract workers
The free market Adam Smith Institute (ASI) said the Government must do more to ensure the country can meet the soaring costs of its rapidly ageing population.
Research shows that Britain only takes in slightly more highly skilled workers than it loses in emigration, the think-tank said.
It also cited Office for National Statistics figures which apparently show that the proportion of people not in work is set to increase by 75% over the next 40 years.
It suggests allowing people into the UK but - beyond the Government's chosen limit for immigration - without being eligible for benefits for the first few years.
Sam Bowman, the ASI's head of research, said: "Of the things that highly skilled migrants consider when deciding where to move, the tax burden is the only one the Government can influence.
"If Britain is to keep its competitive edge, it needs to cultivate policies that attract the best workers from around the world and keep more Britons at home. That means cutting income taxes - not just the 50p rate, but the 40p and 20p rates as well."
© 2011 Press Association