Impact of BREXIT on education sector
- October 12, 2017
- Posted by: admin
- Category: News
We are all living in interesting times.
The impact ( i.e. shock of brexit) brexit has already created a bit of uncertainty and exposed deep divisions within our society. However not everything is doom and gloom. Lets look at the positive aspect of it.
Economic Impact – the pound has fallen sharply ( approx 10%) but will recover as the markets calm down. The statements from the Chancellor and the Governor of Bank of England should provide reassurance and required liquidity to the banking sector.
Impact on Skills Policy – The funding budgets approved for the education and skills sector will see no impact until 2020. this is something which was approved by the ESIF in 2014-15. however, due to brexit, there would be no further involvement of UK in teh ESIF negotiations and funding until 2020. There is no change to for EU nationals studying in the UK and this is clear as per the statements released by BIS and SFA.
Our exit Route from EU – i stumbled across a useful graphic on the london economic times which shows the possible outcomes of the EXIT. Finally, take a look at this scenario mapping of possible Brexit outcomes from Square One Law (source: http://www.thelondoneconomic.com/news/your-simplest-guide-to-exactly-what-will-happen-in-a-brexit/09/06/).
Happy reading and contributions and thoughts welcome.