Over a quarter of the best paid people in the UK are migrants, analysis of anonymised tax returns collected by HMRC has found.
Among low-income groups, a lower figure (one in six) are immigrants.
Immigrants made up more than a quarter of the top percentiles’ income share in 2018, up from 18 percent in 1997.
An inflow of high-income finance workers can account for much of the observed rise in top-income shares over the past two decades. During this period, the importance of migrants increased by 50 percent, accounting for about 85 percent of the rise in top income over this period.
The impact of mig...
