What is Brexit’s impact for International Students coming to the UK?

 UK BrexitThe initial reaction from UK’s Brexit to the markets was particularly severe in the middle of July 2016 because no one actually expected Brexit to occur. Right up to the last few days of voting, it was anticipated that the UK would stay in the European Union, so the result was a shock to the nation and indeed to the world economies. So, what is Brexit’s impact for international students coming to the UK? A survey of 1,014 overseas students conducted by the student recruitment and retention solutions company Hobsons found that 34 per cent of the 875 who were not already registered at a UK university said that they were less likely to do so in future because of the vote to leave the European Union.

Among students who said they would not or were less likely to study in the UK, 59 per cent attributed this to a feeling that the UK was now a less welcoming place for international students, while 56 per cent felt that it would be harder to get a visa. Poorer post-study work options were also a major concern.

However, 51 per cent of all respondents who were not already registered at a UK university said that Brexit would make no difference to their decision to come to the country.

And a small proportion – about 8 per cent – felt that they were more likely to study in the UK, or would definitely do so, because of the referendum result.

Of these, 52 per cent felt that the UK was now more welcoming to international students, perhaps reflecting how 87 per cent of survey respondents were from non-EU countries. The weaker pound making a UK degree less expensive was cited by 43 per cent. Students from China, Hong Kong, and Asian Pacific regions are more likely to take advantage of the weak pound in gaining entry into the UK.

Philip Hammond is to guarantee billions of pounds of UK government investment after Brexit for projects currently funded by the EU, including science grants and agricultural subsidies.

The chancellor’s funding commitment is designed to give a boost to the economy in what he expects to be a difficult period after the surprise result of the EU referendum in June.

The Treasury is expected to continue its funding beyond the UK’s departure from the EU for all structural and investment fund projects, as long as they are agreed before the autumn statement. If a project obtains EU funding after that, an assessment process by the Treasury will determine whether funding should be guaranteed by the UK government post-Brexit.

Current levels of agriculture funding will also be guaranteed until 2020, when the Treasury says there will be a “transition to new domestic arrangements”.

Universities and researchers will have funds guaranteed for research bids made directly to the European commission, including bids to the EU’s Horizon 2020 programme, an €80bn (£69bn) pot for science and innovation. The Treasury says it will underwrite the funding awards, even when projects continue post-Brexit.

Hammond said the government recognised the need to assuage fears in industry and in the science and research sectors that funding would be dramatically reduced post-Brexit.

Scottish government to spend £100m to cushion post-Brexit vote effects

“We recognise that many organisations across the UK which are in receipt of EU funding, or expect to start receiving funding, want reassurance about the flow of funding they will receive,” he said. “The government will also match the current level of agricultural funding until 2020, providing certainty to our agricultural community, who play a vital role in our country.”

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