Monday, 2 July 2018

Brexit banker kids leave top UK schools with rare empty seats

Kids, children, UK, UK schools

In Brexit Britain, the breadwinners are packing up to move—and naturally their families are going with them. Enrollment at international schools in the UK has slumped since the 2016 referendum, while across the channel schools catering to expats are seeing a surge in applications. “Social infrastructure has been treated as a secondary consideration in Brexit, and for most people it’s actually the first,” said Nicholas Tonkes, a consultant at Oliver Wyman who’s studied the topic. “That shoe is beginning to drop.” Shifting class sizes hint at larger changes set to ripple across Britain as the deadline for leaving the European Union approaches. With the UK threatening to quit the single market and the customs union, businesses are starting to move people and resources to mainland Europe. Bigger steps could be in store: Airbus said last month it would reconsider investments in the UK, where it has 14,000 employees, unless Britain and the EU strike a deal. The finance industry alone may shift as many as 35,000 jobs outside Britain in a hard Brexit, Oliver Wyman estimates. That number could increase over time if the continent’s role as a financial centre grows, the consultant said in a February report. “

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