Economist criticizes the new immigration policies of UK government
According to a recent article published by the world-renowned Economics magazine, the immigration policy that the UK has adopted is harming the international competitiveness of Great Britain.
The British Government has lately introduced very strict emigration rules for foreign students and skilled immigrants.
Economist states that these policies are having the desired effect but only to a certain degree. The number of tier-2 related work visa has for example been decreased by 7%.
The number of student visas issued in June 2012 is down with 21%. The costs that the UK is paying for these changes are however unacceptable according to Economist.
The magazine concedes that the Tier 2 (General) visa cap, set at 20,700, has never been reached.
However, it states that the reason for this is the massive amount of bureaucracy that is involved in applying for such kind of visa.
Many businesses are required to spend thousands of pounds and to wait for many months until they receive an answer to their visa application.
While according to the economist writers UK international competitiveness of businesses will be harmed by the new rules, the sector the will sustain the biggest damage is British education.
The export of education is a huge industry in the UK which is valued at around 3 billion pounds per year. Statistics show that 80% of the foreign students who come to the UK live the country within five years and those who remain are the best-qualified of all.
Most of them are working in areas where there exist labour shortages such as science and engineering.
Economists warn that the new rules that require students to leave the country 60 days after their student visa expires will push a lot of those talented people out of Britain.