I thank my right hon. Friend for her intervention. I will elaborate on that point in a moment, and I am sure that Members representing other universities would seek to do so.
We really need to sing about the fact that further and higher education in Britain is a success story. It is not just a way for people to fulfil their personal career ambitions or to develop themselves culturally and socially, important though that is; it is an industry that earns £8 billion in exports and contributes £14 billion, in all, to the British economy. In certain towns, particularly in more deprived regions, it is crucial in sustaining employment levels and economies. Four UK universities are in the world university top 10 rankings, and a very high percentage are in the top 200. It is not just about the contribution that international students make to the economies of the local areas in which universities are located. Increasingly, universities are working in collaboration with local businesses to ensure that the research and skills that they develop are harnessed for commercial purposes or with the public sector to assist in the local community. I have seen fantastic examples of that work up and down the country, and it is crucially underpinned by international students.
Last year, 12% of the total student body comprised international students, 49% of whom enrolled in courses in engineering, maths and computer sciences—the very areas where there are serious skills shortages and the maximum economic dividend for our businesses. Any policy that restricts access into those areas will have, in the long term, profound implications for the capacity of our local businesses to grow the economy.