The Exchequer benefits and costs associated with the Graduate Route visa

London Economics - The Exchequer benefits and costs associated with the Graduate Route visa 5 2 | Methodological approach 2 Methodological approach Our analysis of the Exchequer benefits and costs associated with Graduate Route visa holders in 2022-23 involved four key steps: Assessing information on the number of GR visa holders in the UK in the 2022-23 tax year, broken down by type of visa hol. [...] London Economics - The Exchequer benefits and costs associated with the Graduate Route visa 9 2 | Methodological approach Based on the above-described calculations, a breakdown of the resulting estimated number of GR visa holders in the UK in the 2022-23 tax year is provided in Table 1. [...] London Economics - The Exchequer benefits and costs associated with the Graduate Route visa 12 2 | Methodological approach Estimating the earnings of main GR visa holders To estimate the earnings of main GR visa holders, we again made use of the above- described 2020-21 Graduate Outcomes Survey data, in relation to the distribution of international graduates in full-time paid employment in the UK. [...] 2.2.2 Other benefits In addition to the tax revenues received by the Exchequer associated with main GR visa holders who are in employment in the UK, the Exchequer also generates income by collecting visa application fees and the immigration health surcharge (which is designed to cover the cost of immigrants’ use of the NHS). [...] Specifically, the data provide information on the number of individuals whose ‘migrant journey’ to the UK started on a sponsored study visa77 and who held a UK worker visa in 2022.78 The data is based on individuals’ visa status at the end of 2022, and we assumed that all of these visa holders were working in the UK for the whole of the 2022-23 tax year79.