11 months ago
New HEPI research suggests that international students staying and working in the UK for ten years after graduation contribute £3.2B in tax revenues. As told by the Guardian, the "non-UK graduates do not take jobs from local residents, because they largely obtain work in highly qualified areas such as economics or science, or in sectors that suffer acute shortages, such as teaching and nursing." The Typical Student team learned more about how foreign graduates boost UK economy.
Is UK Government Discouraging Foreign Students With Its Policies?
Despite the contribution of £3.2B in tax revenutes, the research suggests that a further £150M in revenue is lost annually due to the restrictions imposed by the government on post-graduation employment. And that's with an addition of up to £1B in "foregone" taxes since the limits were introduced in 2012. The director of HEPI, Nick Hillman, comments on the situation as follows: "Universities firmly believe the government’s biggest mistake in higher education has been to discourage international students from coming here. A hostile environment has been in place for nearly a decade."
UK Universities & Employers Urged the Government to Lift the Restrictions
According to Hollie Chandler, a senior policy analyst at the Russell Group of research universities, commented: "The UK needs to improve its visa policy and ensure a welcoming environment. A two-year post-study work offer would enhance the UK’s appeal as a top study destination and help the UK retain talented graduates who benefit our society and economy."
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