Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential implications for her policies of paragraph 59 of the Impact Assessment for the Immigration and Nationality (Fees) Order (Amendment) 2025, dated 13 January 2025.
The Impact Assessment for the Immigration and Nationality (Fees) Order (Amendment) 2025 considered a range of economic costs and benefits of the proposed changes, of which the indirect impact on the exchequer was one. However, this was considered alongside the estimated benefits, including the estimated revenue generated from the changes, as set out in paragraph 68.
The overall impact of these changes, if made in subsequent Regulations, is uncertain, and a range of impacts has been presented. However, in the central case, the Impact Assessment estimates a positive Net Present Social Value of £203.5 million over the five year period, were fees theoretically to be raised from current levels to the proposed maxima as set out in paragraph 85.