• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video

Confusion remains over British expats’ post-Brexit status in EU

Confusion remains over British expats’ post-Brexit status in EU
  • Pedro Gonçalves
  • @PeterHSG
  • 15 October 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

The European Union is yet to give British expats reassurance about their status after the UK leaves the bloc as negotiations hit a wall.

Last week, the UK’s Brexit negotiator Dominic Raab, said: “The government has made clear we will unilaterally protect the rights of EU citizens in the UK in the event of no deal. To the 3 million here, we say: you are our friends, our neighbours, our colleagues, we want you to stay.

Related articles

  • MPs back May's bid to change deal but EU says nothing has changed
  • MPs back May's bid to change deal but EU says nothing has changed
  • Brexit has already cost the FCA £11.6m
  • Labour pledges to put expats’ rights at heart of election promises

He asked for a reciprocal acknowledgement from Brussels: “We also now urge the EU and all its member states to step up and give UK citizens on the continent the same reassurances.”

So far, Europe has not said a word about the rights of UK citizens in the EU in a no deal scenario.

Talks between Dominic Raab and chief EU negotiator Michel Barnier faltered on Sunday over what is known as the Irish “backstop”, which could see the UK remaining in the customs union.

“Despite intense efforts, some key issues are still open, including the backstop,” Barnier wrote on Twitter.

A joint statement from Downing Street and the Department for Exiting the European Union made clear the Ireland issue was yet to be resolved. “In the last few days UK and EU negotiators have made real progress in a number of key areas. However, there remain a number of unresolved issues relating to the backstop,” the statement said.

The impasse came after signs that a deal was near. According to reports in the media, negotiators had reached the technical outlines of a deal, but Downing Street rejected it as politically untenable.

Time is running out to reach a deal before Britain leaves the EU at the end of March 2019. In the event of a failure to reach a deal, the Bank of England has warned that house prices would crash, businesses fret over chaos at the Channel ports and airlines worry that the agreements that keep planes in the air across Europe would fall away.

So far, Bank of America, Barclays, Morgan Stanley, Citigroup, Standard Chartered and Nomura banks/financial groups have announced they are moving their EU headquarters – along with thousands of employees – to Frankfurt from London. Global investment giant BlackRock is moving to Paris.

Goldman Sachs Group and UBS Group will likely follow suit. JP Morgan Chase and HSBC Holdings are headed for Paris.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Brexit
  • EU
  • expats
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
Aviva announces exit from Turkey
Aviva announces exit from Turkey
Aviva approves sale of its French business for €3.2bn
Aviva approves sale of its French business for €3.2bn
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading