Universities, builders and health trusts are feeling the squeeze, as thinktank says effect of zero net migration could be similar to Brexit

• ‘It’s been life-changing’: young Britons on why they left the UK

When Greenwich and Kent universities said this month they would merge to save money, the heart of their financial difficulties could be found in the UK government’s crackdown on immigration.

Tough restrictions on foreign students have sent the number of university applications from abroad plummeting, cutting lucrative tuition fees and leaving all universities facing the same squeeze.

City analysts say financial market investors will be worried if cost is deducted from budget surplus

Rachel Reeves is under pressure to reassure MPs over the state of the UK’s public finances, amid concerns that the rising cost of special educational needs and disabilities (Send) could leave a significant hole in the government’s financial buffer.

Meg Hillier, the chair of the all-party House of Commons Treasury committee, said the chancellor should make clear her long-term plans for the £6bn-a-year Send bill as uncertainty grows over how it will be accounted for at the end of the decade.