UK Prime Minister David Cameron has returned from his holiday with a double dose of bad news.

A prominent backbench Conservative Party MP, Douglas Carswell, defected to Ukip and official figures showed that long term net migration to Britain has rocketed to 243,000 in the year to March.

In this week's Current Account, IBTimes UK looks at how the latest immigration figures have dented Cameron's credibility.

The Current Account: Net Migration Surge Dents David Cameron’s Credibility IBTimes UK