Home Office: UK immigration curbs could cost $11 bn

• UK immigration curbs could cost the economy up to £10.8 billion ($14.4 billion) over five years, according to a Home Office impact assessment.
• New restrictions include limiting Skilled Worker/Health and Care Worker visas, raising salary thresholds, and banning overseas social care workers.
• The measures, implemented in July, followed a surge in net migration and aim to incentivize domestic workforce upskilling.
• Economists warn these policies could undermine the UK's long-term economic prospects and lead to significant losses in the care sector.
• Projected costs include lost public sector revenue (£800m) and reduced income tax receipts/increased pressure on public services (£9.5bn).

Why It Matters: New UK immigration curbs risk billions in economic loss and strain public services.