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I would imagine that feeds into it. There is more than one reason.

Potentially shutting down your business to the world's biggest trading block will not do a business any good.

They make or break a uni.

Universities are a business now. They absolutely depend on foreign students coming to study there. Brexit has kept them from committing to a 3/4 year course as they don't know if they will be allowed to complete it. Combined with the bad will the Europeans have towards us atm, it's very likely...