B Corp

Quoted from GrimPol

Take it up with    jamesgtfc then.

I created a thread about a football club obtaining B Corp status, and a few people got very offended by it.

Quoted from HerveJosse

You need to be careful with stats and language before berating others for ignorance. When you say international students ‘contribute’ £41bn to the U.K. economy you mean they generate £41bn of gross revenue about 1.6% of gross gdp. As they currently represent 1% percent of the total U.K. population ( 679k international students at latest estimate) then it’s also fare to assume they consume something around 1% of U.K. total expenditure which in a £2.5 trillion economy means their ‘contribution’ to the U.K. economy is considerably less

I can see that employees in the university sector are desperate to keep them as their jobs depend on it . Landlords in university towns will also be keen to keep them though any average uk person trying to buy or rent a house in these towns and cities were house prices have rocketed as a result will be less keen.

Vested interest only ever see one side of the argument whichever side they are on

More nonsense.

One person's spending is another person's income. Any money these students pay into the economy from overseas sources enters our economy and will circulate here. Any money spent on these students using public services is paid back into our economy and therefore, most of it will stay here. It's a substantial net positive.

Also, younger folk don't use anything like as many resources as older folk. These students will barely touch the NHS, for example. They'll also not be claiming much in the way of benefits (I would assume).

I suppose you can argue that housing prices might be impacted, but then that's not the fault of immigrants, is it? It's the fault of successive governments who have overseen the destruction of social housing leading to an utterly broken market and haven't done anything but pay lip service to any policies which are needed to mitigate the issue.

Quoted from HerveJosse

You need to be careful with stats and language before berating others for ignorance. When you say international students ‘contribute’ £41bn to the U.K. economy you mean they generate £41bn of gross revenue about 1.6% of gross gdp. As they currently represent 1% percent of the total U.K. population ( 679k international students at latest estimate) then it’s also fare to assume they consume something around 1% of U.K. total expenditure which in a £2.5 trillion economy means their ‘contribution’ to the U.K. economy is considerably less

I can see that employees in the university sector are desperate to keep them as their jobs depend on it . Landlords in university towns will also be keen to keep them though any average uk person trying to buy or rent a house in these towns and cities were house prices have rocketed as a result will be less keen.

Vested interest only ever see one side of the argument whichever side they are on

Clearly you didn't read my entire post which literally addressed the £4.4bn 'cost' to the country of hosting international students:

"In 2021-22 the total public cost associated with international students and their dependants was estimated to be £4.4bn, which was hugely offset by the £41.9bn they contributed to the economy, a net benefit to the UK of £37.4bn a year"

I'm not sure where you've pulled your back of a homosexual packet calculations from but people who know what they're on about have actually investigated this and found that international students have an economic multiplier of 9.4x - they contribute 9.4 times more to the economy than they cost in the use of public services. (Source: page xii onwards here - https://www.hepi.ac.uk/?p=23923)

Lastly, regarding the impact of international students on house prices, practically all international students live in purpose-built student accommodation blocks these days, their impact on the housing markets in university towns and cities is negligible and the lack of housing supply is down to a failure by government to build enough houses over the last few decades, not because of international students ffs.

Honestly, you need to be careful with stats and language before berating others for ignorance (and talking down the contributions of international students to our economy).

Quoted from Chrisblor

Clearly you didn't read my entire post which literally addressed the £4.4bn 'cost' to the country of hosting international students:

"In 2021-22 the total public cost associated with international students and their dependants was estimated to be £4.4bn, which was hugely offset by the £41.9bn they contributed to the economy, a net benefit to the UK of £37.4bn a year"

I'm not sure where you've pulled your back of a homosexual packet calculations from but people who know what they're on about have actually investigated this and found that international students have an economic multiplier of 9.4x - they contribute 9.4 times more to the economy than they cost in the use of public services. (Source: page xii onwards here - https://www.hepi.ac.uk/?p=23923)

Lastly, regarding the impact of international students on house prices, practically all international students live in purpose-built student accommodation blocks these days, their impact on the housing markets in university towns and cities is negligible and the lack of housing supply is down to a failure by government to build enough houses over the last few decades, not because of international students ffs.

Honestly, you need to be careful with stats and language before berating others for ignorance (and talking down the contributions of international students to our economy).

You clearly don’t understand what gdp is it’s the total value of all goods and services and is not a measure of public cost of servicesz £41bn  gross value into GDP your £4.4bn cost is the cost to the public purse only. When money is spent in the private sector ie universities it carries a cost wages building utilities etc. some of that circulates in the economy some doesn’t it’s a consumption  of resources which when used are gone. If £1 could be turned into £9 simply by bringing it into the country this country would be very rich indeed

Quoted from HerveJosse

You clearly don’t understand what gdp is it’s the total value of all goods and services and is not a measure of public cost of servicesz £41bn  gross value into GDP your £4.4m cost is the cost to the public purse only. When money is spent in the private sector ie universities it carries a cost wages building utilities etc. some of that circulates in the economy some doesn’t it’s a consumption  of resources which when used are gone. If £1 could be turned into £9 simply by bringing it into the country this country would be very rich indeed

The nonsense of that assertion can be easily debunked as it would be the same as saying if we did an exchange and sent all our students overseas and in return took an equal number in return financial alchemy would have multiplied our cost of sending them abroad in exchange by 9 in return

Quoted from Poojah

With the best will in the world, that’s not the easiest post to follow for a whole number of reasons.

New Fishy tagline.

Quoted from HerveJosse

You clearly don’t understand what gdp is it’s the total value of all goods and services and is not a measure of public cost of servicesz £41bn  gross value into GDP your £4.4bn cost is the cost to the public purse only. When money is spent in the private sector ie universities it carries a cost wages building utilities etc. some of that circulates in the economy some doesn’t it’s a consumption  of resources which when used are gone. If £1 could be turned into £9 simply by bringing it into the country this country would be very rich indeed

What on earth are you talking about?

You can't ignore one side of the balance sheet because you are trying to make a (baseless) point. One person's expenditure is another person's income.

You appear to be claiming that the state's 'expenditure' on these folk just disappears into the aether. It doesn't, it is spent back into the economy and most of it will ultimately end up back with the exchequer.

The figures quoted by Chrisblor from the HEPI report are quite specific, yet you're trying to ignore them. The report is free to access:

https://www.hepi.ac.uk/wp-cont.....ational-students.pdf

If you'd like to read it through and point out where you think they've gone wrong, feel free to do so. Otherwise, you're just making baseless claims which appear to be founded on a lack of understanding about how the economy actually works, whilst completely disregarding a report produced by a thinktank employing specialist economists.

Quoted from HerveJosse

You clearly don’t understand what gdp is it’s the total value of all goods and services and is not a measure of public cost of servicesz £41bn  gross value into GDP your £4.4bn cost is the cost to the public purse only. When money is spent in the private sector ie universities it carries a cost wages building utilities etc. some of that circulates in the economy some doesn’t it’s a consumption  of resources which when used are gone. If £1 could be turned into £9 simply by bringing it into the country this country would be very rich indeed

I’m losing the will to follow these arguments through now but don’t the other figures you quote with reference to GDP also back up that international students don’t drain the economy. You state they generate 1.6% of GDP but “it’s fare to assume they cost 1% of GDP”. Not 9x multiplier but still they bring in 60% more than they cost.

Quoted from LN8Mariner

I’m losing the will to follow these arguments through now but don’t the other figures you quote with reference to GDP also back up that international students don’t drain the economy. You state they generate 1.6% of GDP but “it’s fare to assume they cost 1% of GDP”. Not 9x multiplier but still they bring in 60% more than they cost.

Agreed that they make a positive contribution I didn’t say they didn’t I was pointing it was nothing like tge benefit claimed by these self justifying quangos and regurgitated by others without considering whether they make any sense

I came here for the sniping about B Corp and ended up wrangling with international students and GDP.. Help.