What’s the implication of Brexit for London Business School?By Sir Andrew Likierman, Dean
What’s the implication of Brexit for London Business School? In the short term, not much. No indications of job offers being withdrawn or that prospective faculty, students and executive education clients believe that we will become a different place.
In the long term the implications for us depend on the renegotiation (fingers crossed, David Davis, MBA alumnus, is the Cabinet Minister in charge of the Brexit negotiations). This will affect the things of particular importance to us: the future of the City of London, the visa regime and the pound’s value.
The City has said it will do everything it can to make sure London prospers as a world financial centre. On visas, even those who wanted to reduce immigration have said they are determined to attract highly skilled migrants. That’s us, and I know Higher Education be supported by Justine Greening (an EMBA alumna and the new Cabinet Minister in charge of Education). On the currency, who knows? If the long-term rate for sterling turns out to be lower, as most predict, this will make it more difficult to attract new faculty but make it less expensive for students and executive education clients.
Whatever happens, we will of course adapt, as we always have. So have a great break, if you’re taking some holiday.