Some of the world’s largest banks booked places at Frankfurt’s international schools in the years following the EU referendum as the German city emerged as a key post-Brexit outpost. But almost five years and a Brexit deal later, London-based banks have failed to fulfil reservations for hundreds of Frankfurt school places.

Senior staff at three international schools in Frankfurt told Financial News that they had since seen no Brexit-linked influx in intake in recent months, despite a spike in enquiries from financial institutions hoping to relocate staff to the city in the years leading up to the eleventh-hour Brexit deal struck in December.