The UK may lose as much as £10.8 billion ($14.4 billion) over the next five years as the government’s new rules on legal immigration take effect, Bloomberg reported. This estimate comes from a new Home Office impact assessment, which explains how the changes could affect the country’s economy. These rules were first shared in a white paper released in May, and most of them officially came into effect in July.

The report, cited by Bloomberg, stated the total cost could fall anywhere between £2.2 billion ($2.9 billion) and £10.8 billion ($14.4 billion), depending on how the changes play out. In May, Prime Minister Keir Starmer’s government announced a stricter approach to legal........

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