This article explores the likely impact of Brexit on UK higher education. Because negotiations between the UK and the EU remain inconclusive at the time of writing, much remains uncertain. There is likely to be a fall in the number of EU students studying in the UK. The loss will be concentrated in a limited number of universities and the financial consequences could well be mitigated by increasing numbers of foreign students from outside the EU. It is hoped that the UK will retain some access to EU research funds by obtaining associate status in the new framework programme. After the Brexit vote there was great concern that the UK would lose large numbers of academic staff from EU countries. Now that there is greater clarity about a new immigration policy, these fears have lessened somewhat. Threats on all these fronts remain but what is certain is that a sector which has thrived on its internationalism will feel diminished as it ceases to be a participant in European decision making about higher education and instead a client.