Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the fiscal impact of the Graduate visa on the UK economy.

The Graduate Route was launched on 1 July 2021. It allows international students to stay in the UK for two years (or three years with a PhD or other doctoral qualification) after successfully completing a course in the UK.

An Impact Assessment was produced at the time by the Home Office, and it assesses the potential impacts (costs and benefits) of the policy, including the fiscal impact to the Exchequer.

The Graduate Route Impact Assessment is available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966659/Graduate_Route_Impact_Assessment.pdf

HM Treasury and the Home Office continue to work closely together in monitoring evaluating the performance of visa routes.