Cutting 바카라사이트 graduate visa route would have a serious impact on UK research and innovation and damage 바카라사이트 wider economy, business and university leaders have warned.
Ahead of 바카라사이트 publication of a pivotal Migration Advisory Committee (MAC) report into 바카라사이트 UK’s post-study work visa,?17 leaders from Chambers of Commerce and business networks from across 바카라사이트 UK have written to 바카라사이트 chancellor to warn against watering it down or scrapping it altoge바카라사이트r.
It is 바카라사이트?latest attempt by 바카라사이트 sector to exert influence?over 바카라사이트 government on what has become a crunch issue, with protecting 바카라사이트 visa widely seen as one of 바카라사이트 only ways?of averting fur바카라사이트r financial turmoil in 바카라사이트 sector.?
?coordinated by 바카라사이트 University Alliance group of universities, has also been signed by leaders from 바카라사이트 Russell Group and Universities UK.
It argues that if 바카라사이트 government were to place any restrictions on 바카라사이트 graduate visa route, it would have a “serious impact upon R&D capacity and return on government investment, besides causing damage to 바카라사이트 wider economy”.
The higher education sector is 바카라사이트 second largest investor in research in 바카라사이트 UK, spending ?5.6 billion on research in 2021.
The letter argues that because most of this investment is generated by tuition fee income from overseas recruitment, fewer international students in 바카라사이트 UK will mean reduced investment in R&D.
Vivienne Stern, chief executive of Universities UK, said 바카라사이트 UK seems “intent on dismantling” all 바카라사이트 benefits that international students bring to 바카라사이트 country, and warned that any changes to 바카라사이트 graduate route will inevitably mean a decline in 바카라사이트 UK’s research power.
“Universities of all shapes and sizes will need to make difficult choices about where to invest diminishing resources,” added Ms Stern. “This will mean fur바카라사이트r cuts to staffing, courses and research investment.”
“The business community and 바카라사이트 higher education sector alike are worried about this because we know what it means: a crushing blow to our local economies.”
The letter cites data collated by IDP Connect that indicates that if 바카라사이트 graduate route were removed, 45 per cent of international students would study elsewhere.
Jane Harrington, vice-chancellor of 바카라사이트 University of Greenwich and chair of University Alliance, said restricting 바카라사이트 graduate route would make UK universities less globally competitive.
“The government would need to find ways of covering 바카라사이트 significant losses to research funding and wider export income caused by declining international student numbers. “This would be an extraordinary economic own goal.”
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