Stella Dimoko Korkus.com: Overseas Students 'Add £20bn' To UK Economy

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Friday, 12 January 2018

Overseas Students 'Add £20bn' To UK Economy

International students are worth £20bn to the UK economy, says a report from the Higher Education Policy Institute.




The analysis says on top of tuition fees, their spending has become a major factor in supporting local economies.

London alone gains £4.6bn - with Sheffield the biggest beneficiary in proportion to its economy.

The think tank's director, Nick Hillman, says the figures support calls to remove students from immigration targets.

There are about 230,000 students arriving each year for university courses in the UK - most of them postgraduates, with China the most common country of origin.


Spending power

The analysis, carried out by London Economics, calculated the financial contribution of overseas students, such as spending on tuition and living expenses, and balanced that against costs, including the extra pressure on local services and non-repayment of loans.

Mr Hillman says the report provides comprehensive evidence that overseas students are a significant benefit and that students from outside the European Union, who pay higher fees, are worth £102,000 each to the UK economy.


The Higher Education Policy Institute, which carried out the study with education company Kaplan, argues that the UK should have a more positive approach to students from overseas - and separate them from the wider debate about immigration.

The Higher Education Policy Institute analysis also carried out a regional breakdown of the economic impact of international students, calculating that each constituency on average gained £31.3m.

London has the biggest share of overseas students - but the study shows that in relative terms, smaller cities, with more than one university, can have a greater impact from their spending.

The study breaks down the financial impact of international students by parliamentary constituency.

Top 10 constituencies with biggest economic impact from international students
Sheffield Central
Newcastle upon Tyne
Nottingham South
Oxford East
Manchester Central
Holborn and St Pancras (London)
Liverpool, Riverside
Cambridge
East Ham (London)
Birmingham, Ladywood

From BBC.

9 comments:

cheeksi said...

Hahahahaah forget it, the Oyinbo man is smart. To the core
Maybe next world we shall try but for this world, them don win finish.
And by Oyinbo I mean white caucasian of European origin ie Americans and Europeans
The rest of the world jus dey look dey go, una escort them come this life?
Oh Black man, black man, build your world
Mba, southafricans are killing us, fulani herdsmen also killing us
The worst thing is if you decide to come back to this world as white,
Maybe then black man will be in charge, hahahaha

Alloy Chikezie said...

Seriously! Talk about a country with an economy that is working.

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Proudly Anonymous said...

And it is going to go nowhere but up in the coming years except of course ?????.........!!!!!!!

Anonymous said...

Are you surprised...lyrics from a late Nigerian singer's song said: "i'do kwa-ba village ii,o'suso obibi'. When we develop our nation..educationally, economically and all round...it attracts investments and increased income. But mba...its to divert funds meant for all round developments into foreign accounts...boost their economy by buying high end properties in already advanced countries. Not minding that they are heavily taxed on those properties.

Look at Jos...a city that's supposed to bring in funds from tourism due to its beauty and climate...na fight them don take destroy am.

Apart from the private higher institutions... Which of the Federal govt. Institution can boast of up-to-date facilities and sound lecturers??.

Abeg make we leave matter...make headache no kill my enemy.

Anonymous said...

Are you surprised...lyrics from a late Nigerian singer's song said: "i'do kwa-ba village ii,o'suso obibi'. When we develop our nation..educationally, economically and all round...it attracts investments and increased income. But mba...its to divert funds meant for all round developments into foreign accounts...boost their economy by buying high end properties in already advanced countries. Not minding that they are heavily taxed on those properties.

Look at Jos...a city that's supposed to bring in funds from tourism due to its beauty and climate...na fight them don take destroy am.

Apart from the private higher institutions... Which of the Federal govt. Institution can boast of up-to-date facilities and sound lecturers??.

Abeg make we leave matter...make headache no kill my enemy.

Mhiz A... said...

I remember there was a time when we had foreign students and lecturers in UI, UNN, et al.

God help Nigeria

Anonymous said...

Not only in Uk even here in North America and America

same girl said...

I'm not surprised. The number of people that apply for student visa annually is alarming. Look just how much we are losing. When will our educational sector be fixed to match up with international standard? We are intelligent, We have just refused to grow.

Anonymous said...

Cheeksi u so right mhen. I remb one story I heard long ago as a child and it resonated with me, donno if is true but na DAT route I wan follow , heard d History of coco in Ghana was that some black pple went abroad donno if is for study or what, one came back with Coco seed, the rest brought plenty goodies for village pple. Na so them abuse this dude sha, it mate came with chocolate, candy clothes and all, na White man shyt u carry come, them claimed he didn't mind them, went ahead and planted his Coco and today trust me,Ghana enriched from that one single act( remb I don't know if d story is true but I have chosen to blv it) Most Africans don't have 4sight!!!! We r blinded by greed. The once that have r being subdued by d stupid rich once. Oh Africa my Africa..... 70% of d abroad trained don't get good paying jobs,its not like b4! Them don plenty for labour market , so sad

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