Student crackdown will lead to lasting economic pain: business council

  • 📰 theage
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

The Australian Business Council argues capping foreign student numbers could “irreparably damage” the higher education sector and even hit supermarkets.

The government’s cap on foreign students could cripple Australia’s higher education sector and deliver a lasting blow to the economy, the business council has warned as parliament prepares to debate the controversial crackdown.

In response, Prime Minister Anthony Albanese said the government had launched a $32 billion plan to build 1.2 million homes by mid-2029, and legislated thestudent caps will have broad economic impacts, inflict reputational damage on the nation as a study destination, and cripple domestic research and critical skills development while scapegoating students as a cause of the housing crisis.

“Short-term policy reactions such as a cap on international students will not fix this issue, will detract from real solutions and have negative consequences for the broader economy.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Student crackdown will lead to lasting economic pain: business councilThe Australian Business Council argues capping foreign student numbers could “irreparably damage” the higher education sector and even hit supermarkets.
Source: brisbanetimes - 🏆 13. / 67 Read more »