Page 11 - StudyTravel Magazine April 2018 Issue

NEWS STUDYTRAVEL MAGAZINE APRIL 2018

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News

26 April 2018

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IDP RECORDS
UK TO INCREASE 27% GROWTH IN
HEALTH INSURANCE REVENUE
SURCHARGE FOR Higher education-
INTERNATIONAL focused agency
STUDENTS chain IDP Education
The UK government Ltd www.idp.com IDP is a co-owner
has announced plans has announced a 27 of the IELTS exam
to double the health year’s general election, per cent increase in along with the British
surcharge paid by non- when it said it would revenue in its fi nancial Council and Cambridge
EU overseas students raise the fee to UK£450 results for the second Assessment English,
to UK£300. for students. half of 2017. and the test business
The surcharge Caroline Nokes, The Australia- represented the largest
– which was fi rst Immigration Minister, headquartered portion of revenue at
introduced in 2014 – is said, “It is only right company reported total AUS$148.4 million, a
applicable to non-EU that people who come revenue of AUS$242 25 per cent increase.
citizens coming to to the UK should million for the six The student
the UK for more than contribute to the months to the end of placement business
six months for work, running of the NHS. The December 2017, while agency accounted
study or visiting. The surcharge offers access EBITDA (earnings for AUS$64.9 million ST GILES KEY FACTS
surcharge is paid to health care services before interest, tax, of revenue, growth 170
as part of the visa that are far more depreciation and of 20 per cent. IDP CAMBRIDGE
application process. comprehensive and at amortisation) rose also acquired the Capacity
The announcement a much lower cost than by 38 per cent to Hotcourses university NEW YEAR ROUND ADULT SCHOOL 12
does not go as far many other countries.” AUS$50.3 million, listings company in
as the Conservative At the time of compared with the early 2017. At the time Minutes from Cambridge Station and walking distance to Cambridge city centre Classrooms
Party pledged in its writing, UK£1 = same period in the of writing, AUS$1 = Completely refurbished for 2018 with excellent facilities 16+
manifesto for last US$1.40 previous year. US$0.79. Min age
bit.ly/2sbN81g bit.ly/2nXYYav www.stgiles-international.com
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