(from the New York Times) One consequence of the ongoing Brexit debate, whose deadline has been extended until late October, is that British private schools are suffering declines in enrollment and having to change their business models. More than 2,000 private schools in Britain and thousands of overseas campuses are tied up in their own debates about how best to prepare for a changed population. Many of the schools' workers, originally from European countries, may also leave after Brexit. Smaller schools (200 to 300 students) that took out loans to fund new campus construction are most at risk, according to the chief executive of the U.K.'s Independent Schools Association.
Conversely, private schools on the Continent are becoming oversubscribed, as British citizens in finance and other global careers seek jobs elsewhere and to enroll their children in English-speaking schools abroad. Frankfurt is expected to the biggest beneficiary of Brexit turmoil, in terms of relocating families.
All news on NetAssets.org
Listen to the latest episode of the Net Assets podcast.