Student crackdown will lead to lasting economic pain: business council

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.”

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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.
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