A joint study by the Higher Education Policy Institute and Kaplan International Pathways has highlighted the importance of international students to the UK economy.
According to the study, international students bring a net benefit of £20.3 billion to the UK economy.
Here in Carshalton and Wallington, it is estimated that there are 304 international students who together contribute £25.5 million each year to the UK economy. This is the equivalent to £267 per constituent and highlights their importance. The net benefit of international students in London is £4.64 billion.
Along with economic positives, they also bring social and educational benefits to our country. However, the increase in the number of students coming to the UK has slowed in recent years with countries such as Australia posing a threat to our position as the second most popular destination, only behind the US. These students are crucial to our economy and government plans to cut immigration further will only reduce the number of international students, negatively affecting our economy.
Carshalton and Wallington MP Tom Brake said:
“I am happy to hear the findings of this study. Increased International Student numbers is something that the Liberal Democrats fought for in government. The Conservatives, on the other hand, are following a path of economic self-harm through harsh visa restrictions.
“I was delighted to read about the positive impact of international students here in Carshalton and Wallington which demonstrates how valued these members of our community are. We should be celebrating the contribution of international students in the UK rather than aiming to reduce the numbers as the Tories are doing.”
“International students enrich our economy and society and the Liberal Democrats will continue defending their rights to study here.”
More information on the nationwide impact of international students can be found here.