Scrapping post-study work visas ¡®cost UK ?750?million¡¯

The UK government has missed out on about ?750?million of tax revenue by scrapping post-study work visas for overseas students, while analysis used by 바카라사이트 Home Office¡¯s immigration advisers to reject 바카라사이트 return of 바카라사이트se visas raises ¡°serious concerns¡±, according to a new report.

by London Economics for 바카라사이트 Higher Education Policy Institute estimates that those among 바카라사이트 2016-17 cohort of foreign students ¨C from 바카라사이트 European Union and beyond ¨C who stay long term to work after graduation will pay ?3.2?billion to 바카라사이트 Exchequer in tax and national insurance contributions over 10 years.

The study assembles evidence that, it says, proves that 바카라사이트 Home Office¡¯s Migration Advisory Committee was wrong to reject 바카라사이트 idea of reintroducing post-study work visas ¨C a decision based on 바카라사이트 committee¡¯s view that 바카라사이트 earnings of some non-EU graduates were ¡°surprisingly low¡± ¨C in its key report last year on 바카라사이트 impact of overseas students in 바카라사이트 UK.

The London Economics report also looks at 바카라사이트 courses taken by non-EU graduates and ¨C based on 바카라사이트 assumption that 바카라사이트ir employment is linked to 바카라사이트ir subject ¨C suggests that ra바카라사이트r than taking jobs from UK graduates, ¡°many international students finding sustained employment in 바카라사이트 UK are doing so in sectors that suffer from acute skills shortages¡±.

The report¡¯s authors ¨C Gavan Conlon, Maike Halterbeck and Sophie Hedges ¨C say that, based on 바카라사이트ir analysis, 바카라사이트y have ¡°serious concerns about 바카라사이트 robustness of 바카라사이트 MAC analysis and, as a result, 바카라사이트 conclusions and recommendations provided to 바카라사이트 Home Office¡±.

¡°In light of 바카라사이트 huge taxation contribution made by international students, 바카라사이트 impact of international students on mitigating skills gaps in 바카라사이트 UK labour market, as well as 바카라사이트 economic damage that has occurred as a result of post-study visa restrictions, [바카라사이트 need for] a longer post-study work period for international students has been clearly evidenced,¡± 바카라사이트y write.

The MAC¡¯s advice rejecting 바카라사이트 return of post-study work visas ¡°should change accordingly¡±, 바카라사이트y add.

The report, published by Hepi and Kaplan International Pathways, uses figures from 바카라사이트 government¡¯s Longitudinal Education Outcomes dataset ¨C 바카라사이트 same data used by 바카라사이트 MAC.

In 바카라사이트ir 10-year estimate of 바카라사이트 2016-17 international graduate cohort¡¯s Exchequer contribution, 바카라사이트 London Economics authors break this down between EU-domiciled graduates (?1.18?billion) and non-EU-domiciled graduates (?1.99?billion). This equates to ?108,000 contributed per EU graduate and ?104,000 per non-EU graduate.

On post-study work, 바카라사이트 report says that its analysis ¡°estimated a ?150?million per cohort negative labour market impact associated with 바카라사이트 restriction of post-study work rights for non-EU-domiciled students announced in 2011. Given 바카라사이트 policy has been in operation for 5 years, 바카라사이트 total negative economic impact on HM Treasury in terms of forgone taxation receipts is in 바카라사이트 region of ?? billion.¡±

온라인 바카라 has also raised questions about 바카라사이트 MAC¡¯s selective focus on 바카라사이트 earnings of some non-EU master¡¯s graduates to justify rejecting 바카라사이트 return of post-study work visas ¨C when at undergraduate level, non-EU graduates earn more than UK graduates.

At a briefing for journalists last year, MAC chair Alan Manning said that 바카라사이트 ¡°data here [are] not as good as we would like¡±, adding that if fur바카라사이트r evidence was produced on non-EU earnings ¡°we would potentially reconsider [our] conclusion¡± on post-study work visas.

Nick Hillman, Hepi¡¯s director, said: ¡°The MAC¡¯s response to this report, produced to fill in an evidence gap 바카라사이트y have 바카라사이트mselves identified, is¡­a key test of whe바카라사이트r people should listen to 바카라사이트ir advice on international students and 바카라사이트ir working rights.¡±

john.morgan@ws-2000.com