The high benefits international students bring to the British economy

British newspaper “The Guardian” reports that the benefits international students bring to the British economy have risen by a third in three years.

The newspaper said in a report that overseas students contributed around £42 billion to the British economy in 2021-2022.

In a report produced by the London Economic Analysts, the country’s economic benefit rose from £31.3bn in 2018/2019 to £41.9bn three years later, with increasing numbers of international students choosing to study in the UK.

The research comes as the government considers restrictions on international students coming to the UK as part of its efforts to reduce net immigration figures.

Prime Minister Rishi Sunak is reportedly bracing for a record increase in net migration this month, with some reports suggesting the number could reach nearly 1 million people, compared to 504,000 last year.
Measures being considered by ministers include visa restrictions for international students and curtailing their rights to obtain post-study work visas, both of which would act as a deterrent to overseas students.

Jamie Arrowsmith, Principal UK, said: “We should be proud that our universities continue to attract students from all over the world, and it is vital that the UK remains an open and welcoming place for international students, and their contributions are recognised. Valued.”

The report indicated a 68% increase in the number of new international students from non-EU countries since 2018-2019, but the number of EU students has fallen significantly since Britain left the EU. Depend on them and depend on them. They and their high fees with low local tuition fees.

The study, which focuses on a cohort of international students starting higher education in the UK in 2021-2022, estimates that each of the UK’s 650 parliamentary constituencies is £58 million better off, equivalent to approximately £560 per citizen.

The report said international students studying in Glasgow, London, Sheffield, Nottingham and Newcastle offer the biggest financial boost. Even when factoring in the cost of dependents and public services, estimated at £4.4 billion, the study says international students are a major contributor to the UK economy, with a total net benefit of £37.4 billion.

Dr Javan Conlan, a partner in economics in London, says international students invest almost 10 times more in the economy than they take in, improving local and national economic well-being.

“International students also allow universities to undertake world-class education and research that would otherwise not be possible,” he added.

“This type of analysis shows that generous economic multipliers on tuition and rent will inevitably generate a surprisingly large amount of economic utility,” said Statistics Superintendent Mark Korver.