According to a recent analysis, a single year group of international graduates with a UK work permit to remain in the country contributed to a massive £3.2 billion in tax. International students who remain in the country with the appropriate UK visas generally fill roles in the country that are currently suffering from acute skill shortages, according to the Higher Education Policy Institute.
The analysis into the impact of graduates with a UK work permit was initiated after a non-departmental public body called the Migration Advisory Committee failed to recommend post-study UK visa schemes. According to the group, a deeper analysis of foreign students and their contributions to the UK was necessary.
The joint report into the state of Immigration in the UK and students applying for UK visas discovered that graduates are responsible for plugging skill shortages in our country, rather than simply replacing other domestic graduates. The graduates from the EU that manage to get their hands on a UK work permit contribute about £1.2 billion in tax each year. On the other hand, graduates from the rest of the world contribute up to £2 billion in tax and national insurance.
The UK visas study only looked at international students who started their education in UK universities in the year of 2016 to 2017. Researchers are arguing that the economic contribution of these graduates would be higher if restrictions on the post-study UK work permit had never been introduced in 2012. According to the study, the limits on UK visas could be costing the Treasury around £150 million each year.
Universities across the UK widely believe that the Home Office and government have made a huge mistake by discouraging international students from applying for UK visas. According to the director of HEPI, a hostile environment for immigration applicants has been in place for almost a decade. The study hopes to argue against the claims that MAC made last year. They claimed that there was not enough evidence to prove that international students remaining in the UK make a positive contribution to the country.