Our report with London First, was the first to quantify the economic benefits of student migration. We need more hard data like this to inform immigration policies and targets. The £2.3bn benefit of international students illustrates there is a huge amount at stake.
Julia Onslow Cole
Partner, Global Head of Immigration & Legal Markets Leader, PwC
We’ve laid out the facts on London’s migrant workforce, in our unique evidence base with PwC. London’s overseas talent is of huge value to the UK, generating £30bn additional GVA each year.
The UK must give a clear message that it is ‘open for business’, and our aim is is to ensure government lands a fair and managed immigration system that keeps the door open to the skills business needs.
Armed with the evidence, we’ve consulted with over 200 of London’s leading businesses to shape our post-Brexit immigration proposal.
More immediately we’re pressing government to guarantee the rights of EU citizens in the UK and remove international students from migration figures, and the associated restrictions.
We’ll be pushing for government to implement this as it resets the immigration agenda. Read more in our response to the Migration Advisory Committee’s consultation.
Research from London First and PwC shows international students are a real asset to the UK, bringing a net benefit of £2.3 billion to the UK economy from London universities alone.
The report, London Calling: International students’ contribution to Britain’s economic growth, concludes that the capital’s higher education system is an export success story, with 92 per cent of students saying they would recommend studying in the UK to their friends and family.
It dismisses the myth that international students are a burden on public services, such as the NHS. Instead, they were shown to contribute a total of £2.8 billion through the spending they bring to the country, while only consuming £540 million in public spending.
Contact Mark Hilton for further information
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- Reports (2 documents)