Net Overseas Migration target reduced progressively

The Migration Strategy set a Net Overseas Migration (NOM) target trajectory stepping down from the 2022–23 peak of ~528,000 — targeting 260,000 for 2024–25 and broadly returning to the pre-pandemic ~235,000 trajectory by mid-2027. Combined with tightened student-visa rules and 188 pause, the effect has been material through 2024–2026.