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A cap on student numbers at Northern Ireland's universities is acting as an "economic handbrake", MPs have warned.

The number of local students is controlled using the Maximum Aggregate Student Number (MASN) formula.

It is set by Stormont's Department for the Economy and depends on available funding.

MPs on the Northern Ireland Affairs Committee report the cap makes it harder to attract investment and impedes business growth.

Northern Ireland's universities have long campaigned for the cap to be lifted.

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