Brexit consequences?
#1
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Brexit consequences?
It is well known that UK has a referendum planned for 23 June 2016 to determine whether to stay in EU or exit (Brexit). The UK media is full of info but not much debate from expats....except those living in EU.
There are estimated between 1-2 million UK expats living around the EU countries and I just read a number have legally challenged the UK Gov't as they have been excluded from the referendum vote. Apparently the law states if non-resident UK for over 15 years a UK citizen loses his vote...I didn't know that.
If this challenge is accepted by the court in UK the date for the referendum cannot be met.
All expats on UK's Old Age Pension (OAP), living in EU, have their pensions index-linked while others, living in other countries (i.e. Indonesia; Malaysia; Australia; Canada) are denied. I haven't heard anything about the consequences of this ruling...and how UK, after exiting EU, will deal with perhaps millions of EU expats returning and demanding their pension rights if they are treated similarly to non-EU expats.
If UK exits EU it is likely the pound will devalue significantly..and so will the value of pensions paid in sterling but usually converted to expats residency currencies...this will significantly impact expats but I haven't heard any debate on this either.
Any comments?
There are estimated between 1-2 million UK expats living around the EU countries and I just read a number have legally challenged the UK Gov't as they have been excluded from the referendum vote. Apparently the law states if non-resident UK for over 15 years a UK citizen loses his vote...I didn't know that.
If this challenge is accepted by the court in UK the date for the referendum cannot be met.
All expats on UK's Old Age Pension (OAP), living in EU, have their pensions index-linked while others, living in other countries (i.e. Indonesia; Malaysia; Australia; Canada) are denied. I haven't heard anything about the consequences of this ruling...and how UK, after exiting EU, will deal with perhaps millions of EU expats returning and demanding their pension rights if they are treated similarly to non-EU expats.
If UK exits EU it is likely the pound will devalue significantly..and so will the value of pensions paid in sterling but usually converted to expats residency currencies...this will significantly impact expats but I haven't heard any debate on this either.
Any comments?
#2
Re: Brexit consequences?
Doesn't sound like anyone's too worried about it :-)
We're not receiving a pension from the UK so no thoughts on that. We have sometimes considered that when we're ready to settle down, we might want to go to South of France or Greece. Should UK leave the EU this will no longer be so easy
Anyway, I refuse to believe that that it will come to this
We're not receiving a pension from the UK so no thoughts on that. We have sometimes considered that when we're ready to settle down, we might want to go to South of France or Greece. Should UK leave the EU this will no longer be so easy
Anyway, I refuse to believe that that it will come to this
#3
Re: Brexit consequences?
There's s big discussion going on here, Davita. Join it at you peril!
http://britishexpats.com/forum/take-...ing-eu-857607/
http://britishexpats.com/forum/take-...ing-eu-857607/
#4
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Re: Brexit consequences?
Thanks Fenella...I agree the Brits (at least the media) seem more concerned that Obama has the audacity to mention the issue than deal with the issue.
Boris Johnson knows how to stir the ploretariat...much like Stalin and Hitler.
Trump applies the same type nationalism rhetoric in the USA Primaries.
Anyone notice that Donald and Boris are look-alikes! Strangely, Boris was born in Manhatten as was Donald.
If Trump becomes President he has vowed USA will become Great America.
If Johnson leads UK to Brexit, and the consequent dissolution when Scotland leaves, there will be no Great Britain...
If I were a UK expat living a retired life in EU I'd be very worried...in fact, I'd consider returning and claiming all benefits like NHS and welfare etc.
If millions of expats did that...the UK economy would bankrupt...
Boris Johnson knows how to stir the ploretariat...much like Stalin and Hitler.
Trump applies the same type nationalism rhetoric in the USA Primaries.
Anyone notice that Donald and Boris are look-alikes! Strangely, Boris was born in Manhatten as was Donald.
If Trump becomes President he has vowed USA will become Great America.
If Johnson leads UK to Brexit, and the consequent dissolution when Scotland leaves, there will be no Great Britain...
If I were a UK expat living a retired life in EU I'd be very worried...in fact, I'd consider returning and claiming all benefits like NHS and welfare etc.
If millions of expats did that...the UK economy would bankrupt...
Last edited by Davita; Apr 24th 2016 at 5:19 am. Reason: sp
#5
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Re: Brexit consequences?
There's s big discussion going on here, Davita. Join it at you peril!
http://britishexpats.com/forum/take-...ing-eu-857607/
http://britishexpats.com/forum/take-...ing-eu-857607/
Deathly silence is the response so far but, even here in Bali, I can hear the sucking of false teeth as my question is germinating thought...
Last edited by Davita; Apr 24th 2016 at 4:39 am.
#6
Re: Brexit consequences?
I do still believe that Boris is the lesser of two evils:-)
The problem is the whole the whole "Great" in "Great Britain". Too many Brits still believe this is the case and that's why they'll be much better off out of the EU. The days of the great British Empire are long gone but not everyone sees it.
The problem is the whole the whole "Great" in "Great Britain". Too many Brits still believe this is the case and that's why they'll be much better off out of the EU. The days of the great British Empire are long gone but not everyone sees it.
#7
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Re: Brexit consequences?
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
#8
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Re: Brexit consequences?
I suggest searching anything about Scotland leaving UK, if UK leaves EU, and you'll find lots of news on that subject....mainly to the effect United Kingdom would collapse.
#9
Re: Brexit consequences?
Although I don't follow things closely anymore I can't understand why Scotland will ever again even think about leaving the UK.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
#10
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Re: Brexit consequences?
Although I don't follow things closely anymore I can't understand why Scotland will ever again even think about leaving the UK.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
#11
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Re: Brexit consequences?
Although I don't follow things closely anymore I can't understand why Scotland will ever again even think about leaving the UK.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
Shirley after the plunge in oil prices Scotland's economy would have nose dived to zilch if the Scots had voted to leave the UK last time. They would then have had to get out the begging bowl to Westminster.
They have already stated that if UK leaves EU the Scots will have a referendum to leave UK.
Soon I might have 3 passports...
#12
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Re: Brexit consequences?
SNP MPs claim Scottish Government should have power to call a second referendum | UK Politics | News | The Independent
#13
Re: Brexit consequences?
All expats on UK's Old Age Pension (OAP), living in EU, have their pensions index-linked while others, living in other countries (i.e. Indonesia; Malaysia; Australia; Canada) are denied. I haven't heard anything about the consequences of this ruling...and how UK, after exiting EU, will deal with perhaps millions of EU expats returning and demanding their pension rights if they are treated similarly to non-EU expats....Any comments?
As you say, currently British pensioners living in the EU get their state pensions inflation adjusted each year. The same applies to those countries with which the UK has reciprocal agreements, including the US.
But the UK stopped signing such agreements in 1981 and there are lots of countries where Britons’ pensions are frozen at their value when they are first drawn, such as Canada, New Zealand, Australia, India, Indonesia and Malaysia.
Following a Brexit Britons living in many EU states could find themselves with a ‘frozen’ state pension. Those countries that entered the EU after 1981 probably won’t have a reciprocal agreement with the UK (including Greece, Spain and Portugal). Baroness Altmann (Pensions Minister) was asked about this in the House of Lords. Her response? “If there are reciprocal agreements and legal obligations to uprate, pensions will be uprated”. To my mind that’s not re-assuring.
I think another major concern for many Britons living in the EU will be healthcare. Currently they are generally entitled to free healthcare under reciprocal agreements. Following a Brexit this would no longer automatically be the case, and they may be required to pay additional social security contributions in the host country in order to qualify for state health benefits, or take out private health insurance.
JC3
#14
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Re: Brexit consequences?
Thanks for your very eloquent input JC3.
I wasn't aware that the issue had been even thought about in the UK parliament and thus my question.
If those UK pensioners in EU, and I read there are over a million, were to return as they might not get the pensions and welfare and medical benefits they previously enjoyed, I imagine that would be a huge drain on UK's resources.
No need to discuss immigration in that event...those retirees are citizens.
I wasn't aware that the issue had been even thought about in the UK parliament and thus my question.
If those UK pensioners in EU, and I read there are over a million, were to return as they might not get the pensions and welfare and medical benefits they previously enjoyed, I imagine that would be a huge drain on UK's resources.
No need to discuss immigration in that event...those retirees are citizens.
#15
Re: Brexit consequences?
Hi Davita
As you say, currently British pensioners living in the EU get their state pensions inflation adjusted each year. The same applies to those countries with which the UK has reciprocal agreements, including the US.
But the UK stopped signing such agreements in 1981 and there are lots of countries where Britons’ pensions are frozen at their value when they are first drawn, such as Canada, New Zealand, Australia, India, Indonesia and Malaysia.
As you say, currently British pensioners living in the EU get their state pensions inflation adjusted each year. The same applies to those countries with which the UK has reciprocal agreements, including the US.
But the UK stopped signing such agreements in 1981 and there are lots of countries where Britons’ pensions are frozen at their value when they are first drawn, such as Canada, New Zealand, Australia, India, Indonesia and Malaysia.
Following a Brexit Britons living in many EU states could find themselves with a ‘frozen’ state pension. Those countries that entered the EU after 1981 probably won’t have a reciprocal agreement with the UK (including Greece, Spain and Portugal). Baroness Altmann (Pensions Minister) was asked about this in the House of Lords. Her response? “If there are reciprocal agreements and legal obligations to uprate, pensions will be uprated”. To my mind that’s not re-assuring.
I think another major concern for many Britons living in the EU will be healthcare. Currently they are generally entitled to free healthcare under reciprocal agreements. Following a Brexit this would no longer automatically be the case, and they may be required to pay additional social security contributions in the host country in order to qualify for state health benefits, or take out private health insurance.