Billions of dollars lost as FTX crypto exchange implodes
International students make a positive contribution of £25.9bn to the UK’s economy, research shows amid news that the government wants to curb the number of foreign students who can stay after finishing their studies.
Every part of the UK financially better off — on average by £390 per person — because of international students' contribution through fees and spending, according to research from the Higher Education Policy Institute, in conjunction with Universities UK.
The home secretary Suella Braverman is expected to consider measures to limit the number of dependants able to accompany international students to Britain, as it reviews migration rules.
Read more: The most and least affordable cities for students in the UK revealed
Braverman has previously suggested the scale of foreign students coming to the UK to study is too high.
Earlier this October, she told the Sun on Sunday that: “We’ve got a very high number of students coming into this country and we’ve got a really high number of dependents.
“Students are coming on their student visa, but they’re bringing in family members who can piggyback onto their student visa.
“Those people are coming here, they’re not necessarily working or they’re working in low-skilled jobs, and they’re not contributing to growing our economy.”
Universities UK and Universities UK International are calling for the home secretary to retract her comments on international students, and to reaffirm the centrality of international students and their dependents to their own plans for the economic future of the UK.
The research shows that by limiting the number of international students in the UK, every MP stands to lose revenue that these students bring to their own constituencies.
Fareham, Braverman’s constituency, stands to lose up to £20.2m if the number of international students is limited.
Read more: Fraudsters targeting students as impersonating scams cost victims £1,457
In the case of prime minister Liz Truss’ constituency of South West Norfolk, revenue loss could reach £16m.
“The fact that so many international students choose to study in the UK is a real success story, and the UK benefits in many ways from hosting them. International students contribute to the UK’s global connections in trade, politics and in research, and they make an enormous economic contribution too,” CEO of Universities UK Vivienne Stern said.
“For a government focussed on growth, to try to reduce the appeal to international students would be bizarre, especially when you consider that they contribute nearly £26bn to the UK economy — and that this is spread throughout all parts of the UK.
“It is even more bizarre when recent growth in international student numbers has been a direct result of pro-growth government policies and visa changes. We strongly urge the government not to take such a retrograde step,” she added.
The collapse of the cryptocurrency exchange will cost investors billions. But why would anyone give money to a man who plays video games in important meetings?
The cryptocurrency exchange’s vice president of government affairs in Europe said its abandoned takeover of FTX did not cause its collapse.
Global Athletic Footwear Market 2022-2026 The analyst has been monitoring the athletic footwear market and it is poised to grow by $17. 89 bn during 2022-2026, accelerating at a CAGR of 3.New York, Nov. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Athletic Footwear Market 2022-2026" – https://www.reportlinker.com/p06192670/?utm_source=GNW 95% during the forecast period. Our report on the athletic footwear market provides a holistic analysis, market si
Sam Bankman-Fried enjoyed preaching about how he maintained high regulatory standards at his crypto exchange FTX.
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BOC Aviation Ltd has begun legal action in pursuit of claims against 16 insurers over aircraft the lessor owns that are stuck in Russia, an Irish High Court filing shows. The insurers named in the proceedings, which the filing shows were issued on Nov.3, include Lloyd's of London Ltd, AIG Inc, Chubb Ltd and Swiss Re AG. Lloyd's and Swiss Re declined to comment and AIG and Chubb did not immediately respond to requests for comment on BOC's legal move, which did not include details on the size of the lessor's claim.
The head of France’s electricity grid has warned that his country is at risk of electricity shortages this winter, as problems with its nuclear power stations mount.
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Global Workover Rigs Market 2022-2026 The analyst has been monitoring the workover rigs market and it is poised to grow by $322. 27 mn during 2022-2026, accelerating at a CAGR of 3.New York, Nov. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Global Workover Rigs Market 2022-2026" – https://www.reportlinker.com/p05778672/?utm_source=GNW 9% during the forecast period. Our report on the workover rigs market provides a holistic analysis, market size and forecast,
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The 'Tesla of China' announced its third-quarter results last week, sending the shares up higher. Is now the time for me to buy NIO stock? The post Should I buy NIO stock after it rocketed back above $11? appeared first on The Motley Fool UK.
The boss of the world's largest cryptocurrency trading company has warned there will be "some cascading contagion effects" from the collapse of $32bn exchange FTX.
India's Tata Group is planning to open at least 20 "beauty tech" stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products, according to a company document and a person familiar with its strategy. Tata is eyeing what it calls a "beauty enthusiast" in India aged between 18 and 45 years who likes to buy foreign brands such as Estee Lauder's M.A.C and Bobbi Brown, according to the document, which lists The Honest Company, Ellis Brooklyn and Gallinee as potential partners.
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Billions of dollars lost as FTX crypto exchange implodes