It is beyond doubt that British expats live in great agony in Europe as these lines are being written.
One might think that only retired Brits live on the Continent, especially in the South, where they just enjoy the sun. Surprisingly, 80% of the UK nationals living in the EU are of working age.
With no clear road map, aside from some vague declarations from both the UK government and the EU Commission, British workers in any EU state fear for their future and their rights to continue their lives in the EU, post Brexit. They have established their lives in the Continent and they feel that this situation puts their future in jeopardy. They simply feel that both the UK and the EU let them down, as none of this is their fault.
At the same time, British workers in the UK are faced with no less uncertainty: those employed, might be requested to move to the company’s new branch or HQ in Luxembourg, Brussels, Amsterdam, Frankfurt…etc. Those who are self-employed, are now considering the much-discussed impact of the end of the free movement of people, goods and services on their businesses.
An opportunity for an overseas career move might seem an attractive and welcome challenge to a young and qualified employee or entrepreneur. It seems less so, however, to a middle-aged family man/woman with a pending mortgage and children’s school registrations in the UK. It is a serious decision to make, with many factors to take into consideration, some of which will remain unknown variables in this equation, until the realities of Brexit come true anyway.
Access Financial with continue to update you on how everything related to the upcoming Brexit unravels, meanwhile please find a list of the most important dates below:
- 12 June 2018: EU Withdrawal Bill votes in Commons
- 28 June 2018: EU summit may include Northern Ireland border discussion
- 18 October 2018: The key EU summit. Both sides hope to agree outline of future relations to allow time for UK parliament and EU members to ratify deal by Brexit day
- 13 December 2018: EU summit. If deal not done by October, this is the fall back option if the two sides still want to reach agreement
- Commons and Lords vote on withdrawal treaty – MPs could reject the deal but it’s not clear what would happen if that is the case
- The UK Parliament also needs to pass an implementation bill before Brexit day
- 29 March 2019: As things stand, deal or no deal, Brexit is due to happen at 11pm UK time
- 31 December 2020: If all goes to plan a transition period will then last until midnight on this date