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UK lowers population growth estimate as immigration slows

Published by Global Banking & Finance Review

Posted on April 28, 2026

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· Last updated: April 28, 2026

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UK lowers population growth estimate as immigration slows
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UK Lowers Population Growth Estimate Amid Slowing Immigration and Ageing Demographics

Revised Population Projections and Their Implications

By David Milliken

Population Growth Forecasts

LONDON, April 28 (Reuters) - The United Kingdom's population is likely to grow to 71.0 million by mid-2034, below a previous projection of 72.2 million due to lower immigration assumptions, the country's statistics office said on Tuesday.

Role of Net Immigration

Net immigration looks set to add 2.2 million people to the UK's population of 69.3 million between mid-2024 and mid-2034, while there would be a drag of 450,000 from deaths exceeding births, the Office for National Statistics said.

Net migration was likely to remain the only source of expected population growth, the ONS said.

Fiscal and Policy Impacts

The lower expected population growth could add to the fiscal headwinds that will face finance minister Rachel Reeves in her autumn budget.

However, the agency said the projections should not be treated as a definitive forecast as they are largely based on an extrapolation of recent trends and do not attempt to predict future changes in government policy or other factors driving migration, fertility or mortality.

Demographic Trends

Ageing Population

Tuesday's projection showed the extent to which Britain's population is ageing. The number of pensioners is expected to rise by 15% to 14.2 million between 2024 and 2034, while the number of children aged under 16 will fall by 13%.

Fertility and Immigration Assumptions

The ONS also trimmed its assumption for fertility to 1.42 children per woman from 1.45 in its last projections made two years ago.

Net Immigration Adjustments

There was a more substantial cut to the ONS' assumption for future rates of net immigration to 230,000 a year from 340,000 in the 2024 report.

"This reflects the sharp decrease in net migration since it peaked in 2023, as well as expert advice," it said.

Recent Migration Patterns and Regional Differences

Post-Pandemic Immigration Trends

Britain saw immigration surge after the COVID-19 pandemic, reflecting pent-up demand as well as a decision by former Prime Minister Boris Johnson's government to relax rules particularly for low-paid care workers and their families.

After net immigration approached 1 million in the 12 months to June 2023, rules were tightened and it fell to 204,000 in the 12 months to June 2025.

Regional Population Growth

The population of England is expected to grow faster than elsewhere in the UK. England's population is projected to rise by 2.9% by mid-2034, compared to growth of 1.0% in Wales, 0.6% in Northern Ireland and 0.3% in Scotland.

(Reporting by David Milliken; editing by William Schomberg)

Key Takeaways

  • ONS projects UK population to reach around 71.0 million by mid‑2034, revised down from 72.2 million due to slower immigration trends (uk.marketscreener.com)
  • Net immigration expected to add about 2.2 million by mid‑2034, while deaths exceeding births will reduce population by around 450,000 (uk.marketscreener.com)
  • Population ageing is accelerating: pension‑age population to rise ~15%, children under 16 to decline ~13%, and fertility assumption cut to 1.42 with net migration trimmed to 230,000 per year (uk.marketscreener.com)

References

Frequently Asked Questions

What is the new projected UK population for 2034?
The UK's population is projected to reach 71.0 million by mid-2034, down from the previously estimated 72.2 million.
Why has the UK lowered its population growth estimate?
The lower estimate is due to reduced assumptions for immigration, with net migration expected to add 2.2 million between 2024 and 2034.
What impact does immigration have on the UK's population growth?
Net migration is expected to be the only source of population growth in the UK over the next decade, as deaths exceed births.
How is the age structure of the UK population expected to change?
The number of pensioners will rise by 15% to 14.2 million, while the under-16 population will fall by 13% between 2024 and 2034.
What are the regional differences in population growth within the UK?
England's population is projected to grow by 2.9% by 2034, compared to smaller increases in Wales, Northern Ireland, and Scotland.

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