What impact will the UK's successful Brexit have on international students in addition to the exchange rate?

Benefits of Brexit to Chinese students

1. Changes in tuition fees

If Brexit is successful, the pound may depreciate and the exchange rate may fall. For Chinese students, this also means that the tuition fees for studying in the UK have dropped. But leaving the EU will increase long-term volatility in the pound.

2. Not subject to EU control

The EU plays a certain regulatory role in all aspects of life, including energy conservation and environmental protection, food, energy, etc. If Brexit is successful, these controls will disappear, and international students will be relatively free. Someone once joked that if the UK leaves the EU successfully, you can buy small bananas. After all, the EU currently has to control the weight and length of fruits! Vegetarians also said that if the UK leaves the EU successfully, you can eat mixed salads because Explicitly prohibited by the EU.

3. Your own safety is guaranteed

The crime rate in the UK is low. According to data from the British Office of National Statistics last year, the crime rate in England and Wales dropped by 13% compared to the previous year. , the lowest since the crime rate was surveyed in 1981. The UK is very safe compared to other European countries. Even after Brexit is successful, there is no need to worry about security issues.

Disadvantages of Brexit for Chinese students

1. Rising prices and higher living costs

Data released by the British Treasury indicate that the loss of the EU, the biggest After trading partners, UK national income will fall by 30% by 2030. This part of the loss can only be obtained from taxpayers' pockets through means such as raising prices. Coupled with various economic reasons such as the depreciation of the pound, prices should rise overall after Brexit. The exchange rate has finally dropped, and prices have risen again. Although tuition fees have dropped, living costs have risen a lot!

2. Schengen visa is very troublesome

Many international students will choose this option when they arrive in the UK With a Schengen visa (a visa issued by any Schengen member state is also considered valid in all other member states without the need to apply for a separate visa), go to various European countries. Once the UK leaves the EU, the relationship between EU countries and the UK may become very awkward, and the convenience of us studying in the UK to travel around Schengen countries with one visa may also be threatened.

3. Increased employment pressure

If the UK succeeds in leaving the EU, the number of European students studying in the UK will decrease significantly. It is estimated that more than 110,000 Eastern European students may choose to leave as a result of Brexit. There will be a large amount of brain drain and fewer competitors. Relatively speaking, the employment opportunities for Chinese students will increase, but with the economic impact, the jobs will also shrink, and they should still show better performance in recruitment interviews than Eastern Europeans or British locals. People are more competitive. Overall, employment pressure will still increase.