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The Association of Residential Letting Agents promptly called it "catastrophic" while the National Association of Estate Agents said it would "put a stop to those entering the sector".
Former Treasury Secretary Jacob Lew is joining Lindsay Goldberg LLC, a midmarket New York private-equity firm, adding his name to the long list of high-ranking government officials entering the sector in recent years.
He added that he welcomed the prospect of Apple entering the sector, potentially as soon as next week.
The co-working and flexible office trend exploded this year, with new providers entering the sector at an aggressive pace.
That lack of experience didn't deter Cutillo and his co-partner Franco Gazzani from entering the sector, but in today's economic climate, it might have.
Neil Leitch, chief executive of the Pre-school LearnItg Alliance, seems "It seems completely counterproductive to persist with a policy that is actively blocking qualified, passionate and able early years practitioners from entering the sector.
Similar(50)
How to encourage younger people to enter the sector.
The higher education bill permits private for-profit providers to enter the sector with negligible scrutiny.
And for every MBA who enters the sector successfully, the prospect becomes more normalised for those who follow.
In the creative industries this trend has made it almost impossible for those without a degree to enter the sector.
Is it best to enter the sector as a graduate or as someone with experience behind them?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com