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No, you'd kill about 80,000 indigenous pinkos. You still have the problem of 3 or 4 billion people living in tulipholes who'd like to live somewhere else.
I have no issue with EU immigration as largely it is reciprocal. In my own personal experience; migrants who set up their own businesses are successful because they will take risks (legal or illegal) because if they fail; they can always flee back home whereas a Brit has to face the consequences of failure while continuing to live here.
Many emigrants do come just to live off of benefits, I have spoken with a few and they justify doing so because “The British robbed and plundered our country.”
I know young couples who can not even get on the housing list yet a disabled friend of mine living in a council house has a new neighbour being an Iranian gay refugee who has been in the country just two months, got his own council house and living on benefits.