UK net migration hit record of more than 900,000 in 2023

Passengers arrive at Terminal 2 of London Heathrow Airport in west London, on April 6, 2022. (AFP/File)
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Updated 28 November 2024
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UK net migration hit record of more than 900,000 in 2023

  • Immigration is a big political issue in Britain where voters worry public services cannot cope with immigrants
  • Current Labour government says it wants to reduce immigration numbers by training workers to fill skills gaps

LONDON: Net migration to Britain hit a record of more than 900,000 in 2023, much higher than original estimates, although tougher visa rules have started to reduce the number of arrivals, official data showed.

Immigration is a big political issue in Britain, where voters worry that already stretched public services cannot cope with such large numbers arriving, but sectors such as health care say they cannot function without foreign workers.

Data from the Office for National Statistics on Thursday showed net migration of 906,000 for the year to the end of June 2023, revised up from the previous estimate of 740,000, in what the ONS described as “unprecedented levels” since 2021.

Numbers did fall 20 percent from the record high to 728,000 for the year to the end of June 2024, the ONS said, driven by declining numbers of dependents coming with those on study visas after the rules were changed.

The jump to a record level in 2023 came under the previous Conservative government’s watch. It had promised to cut immigration and introduced measures to curb students and care workers bringing in family members.

The current Labour government, elected in July, has also said it wants to reduce numbers by training workers to fill skills gaps.

The big jump to 2023 numbers was attributed to more available data, more information on Ukraine visas and improvements to how it estimates migration, the ONS said.

High levels of legal migration in 2016 was one of the driving forces behind Britain’s vote to leave the European Union.

While post-Brexit changes to visas saw a sharp drop in the number of European Union migrants to Britain, new work visa rules led to a surge in immigration from India, Nigeria and Pakistan, often to fill health and social care vacancies.


Trump calls for one year cap on credit card interest rates at 10 percent

Updated 10 January 2026
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Trump calls for one year cap on credit card interest rates at 10 percent

  • Trump says Americans have been ‘ripped off’ by credit card companies
  • Lawmakers from both parties have raised concerns about rates

WASHINGTON: US President Donald Trump said on Friday he was ​calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Trump also made the pledge during the campaign for the 2024 election that he won but analysts dismissed it at the time saying that such a step required congressional approval.
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate ‌and the House ‌of Representatives.
There have been some legislative efforts in Congress ‌to pursue ⁠such ​a proposal ‌but they are yet to become law and in his post Trump did not offer explicit support to any specific bill.
Opposition lawmakers have criticized Trump, a Republican, for not having delivered on his campaign pledge.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10 percent,” Trump wrote on Truth Social, without providing more details.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added.
The ⁠White House did not immediately respond to a request for comment on details of the call from Trump, but said on ‌social media without elaborating that the president was capping the rates.
Some ‍major US banks and credit card issuers ‍like American Express, Capital One Financial Corp, JPMorgan , Citigroup and Bank of America did not immediately respond ‍to a request for comment.
US Senator Bernie Sanders, a fierce Trump critic, and Senator Josh Hawley, who belongs to Trump’s Republican Party, have previously introduced bipartisan legislation aimed at capping credit card interest rates at 10 percent for five years. This bill explicitly directs credit card companies to limit rates ​as part of broader consumer relief legislation.
Democratic US Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card ⁠interest rates at 10 percent, reflecting cross-aisle interest in addressing high rates.
Billionaire fund manager Bill Ackman, who endorsed Trump in the last elections, said the US president’s call was a “mistake.”
“This is a mistake,” Ackman wrote on X.
“Without being able to charge rates adequate enough to cover losses and earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid.”
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
The Trump administration had asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged the rule was ‌illegal. A federal judge subsequently threw out the rule.