UK Faces £108 billion Loss over Graduate Visa Restrictions

UK Faces £108 billion Loss over Graduate Visa Restrictions

The vibrant creative sector in the United Kingdom (UK) valued at £108 billion is facing a major setback as the option for international students to work in the country post-graduation hangs in the balance due to graduate visa restrictions.

Creative UK, an organization representing the creative industries, has expressed deep concern over the potential elimination of the graduate visa scheme, which allows international graduates to work in the UK for up to three years.

The decline in applications from international students has already been noticed by universities, sparking worry among university and industry leaders about the negative consequences of further visa restrictions on the creative sectors.

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This decline is believed to be the result of earlier restrictions on international students earlier this year. However, the possibility of the graduate visa scheme being reduced or eliminated has triggered an additional decrease in applications, as revealed by a survey conducted by the British Universities’ International Liaison Association.

The impact of these developments on the creative industry cannot be underestimated. Creative UK and Universities UK, representing vice-chancellors, have jointly written a letter urging the government to preserve the graduate visa route.

They emphasize the invaluable contribution of international graduates to the creative industries, which have exceeded the combined value of the UK’s aerospace, life sciences, and automotive industries.

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The vice-chancellor of St Andrews University and president of Universities UK, Sally Mapstone, highlighted the significance of international students to UK culture, economy, and job market. She expressed concern that further restrictions on international students would not only be detrimental to institutions but also to the UK as a whole.

The British Academy also warns that removing the graduate visa would have a detrimental effect on the academic and research landscape, potentially leading to financial instability, course closures, and staff redundancies in universities.

The government has tasked the Migration Advisory Committee (MAC) with investigating the graduate visa scheme to determine if it is being misused.

This has raised concerns among stakeholders about the future of the visa. While some argue for its abolition, citing concerns about low-paying jobs and the gig economy, others emphasize the positive contributions of international students to the UK.