How will Brexit affect your finances?
#32
Re: How will Brexit affect your finances?
I think the biggest threat at the moment is the Philippine government suggesting that they will pull out of the reciprical arrangement.
#34
BE Forum Addict
Joined: Dec 2013
Location: Consolacion,Cebu
Posts: 1,928
Re: How will Brexit affect your finances?
The PNB in London is showing 63 this morning. Ominously the BPI Europe in London is still showing Sunday's rate of 64.7.
Whatever George Osborne says today it's a good idea in my view to plan on the basis that the pound will remain at least around its present levels for some time. If things turn out better than the consensus expects - and there's been a number of those surprises lately - we will have a bonus.
It's a long time until until the Conservatives get a new leader. Interestingly, Boris Johnson is now making overtures to the Remainers and that may help.
Can I just move on to a different angle on this? This won't be relevant to all British Expats here, but for those of us on a fairly tight budget, possibly looking at our incomes around 10% down on a few months ago with the situation possibly persisting, what sensible economies can we make in our household budgets?
Live on sardines? Give up KFC for Jolibee? Buy 2 ply toilet roll rather than 3 ply? Or even just use the sprayer!
Joking apart, I will kick the ball off with a suggestion for those who do a fair bit of texting of mostly short messages every day. If you have a device connected to the internet you can use the free text site Send Free SMS | Unlimited Text Messages Worldwide. I've been using the service for some time. Not too difficult or slow to use, once you get the hang of it. I've checked it works quite a number of times and it always seems to - unlike a couple of others I tried. Saves having to buy cell load so often,too.
Whatever George Osborne says today it's a good idea in my view to plan on the basis that the pound will remain at least around its present levels for some time. If things turn out better than the consensus expects - and there's been a number of those surprises lately - we will have a bonus.
It's a long time until until the Conservatives get a new leader. Interestingly, Boris Johnson is now making overtures to the Remainers and that may help.
Can I just move on to a different angle on this? This won't be relevant to all British Expats here, but for those of us on a fairly tight budget, possibly looking at our incomes around 10% down on a few months ago with the situation possibly persisting, what sensible economies can we make in our household budgets?
Live on sardines? Give up KFC for Jolibee? Buy 2 ply toilet roll rather than 3 ply? Or even just use the sprayer!
Joking apart, I will kick the ball off with a suggestion for those who do a fair bit of texting of mostly short messages every day. If you have a device connected to the internet you can use the free text site Send Free SMS | Unlimited Text Messages Worldwide. I've been using the service for some time. Not too difficult or slow to use, once you get the hang of it. I've checked it works quite a number of times and it always seems to - unlike a couple of others I tried. Saves having to buy cell load so often,too.
#37
BE Enthusiast
Thread Starter
Joined: Feb 2014
Location: Marikina Philippines
Posts: 885
Re: How will Brexit affect your finances?
Millhouse, yes after they make the killing
#39
Forum Regular
Joined: Apr 2015
Posts: 46
Re: How will Brexit affect your finances?
Could not be happening at a worse time for me, as I'm leaving UK in August to Lucena .... and my GF will be moving in to our house after some "pervy" neighbour drilled into her nipa hut to watch her etc etc..... from July 1st. All my set up costs have now risen by 10% grrrrrr Star A/c says 63 today ...... better than last weeks low but still about 5 less than I had hoped ..... Jolibeee and bubblegum it is then
#40
BE Forum Addict
Joined: Feb 2014
Location: Capiz
Posts: 1,646
Re: How will Brexit affect your finances?
For example, at the moment, UK nationals claiming their state pensions in other EU countries benefit from annual increases. The same is true of some other countries outside the EU with whom the UK has social security agreements. But in many other countries, UK pensioners do not receive increases each year, which means that inflation reduces their spending power. It is not certain that UK pensioners in the EU would continue to get their annual increases.
Similarly, some UK nationals living elsewhere in the EU are entitled to state healthcare funded by the UK government, which would be open to negotiation.
#41
Re: How will Brexit affect your finances?
Well Corvyn is losing shadow cabinet members quicker than he can appoint new. Everthing else is heading south, the pound and FTSE are approaching the levels where they were Friday before the the bounce. Currently 1.20 euro and 1.32 dollar
#42
Re: How will Brexit affect your finances?
Or maybe this from BBC
For example, at the moment, UK nationals claiming their state pensions in other EU countries benefit from annual increases. The same is true of some other countries outside the EU with whom the UK has social security agreements. But in many other countries, UK pensioners do not receive increases each year, which means that inflation reduces their spending power. It is not certain that UK pensioners in the EU would continue to get their annual increases.
Similarly, some UK nationals living elsewhere in the EU are entitled to state healthcare funded by the UK government, which would be open to negotiation.
For example, at the moment, UK nationals claiming their state pensions in other EU countries benefit from annual increases. The same is true of some other countries outside the EU with whom the UK has social security agreements. But in many other countries, UK pensioners do not receive increases each year, which means that inflation reduces their spending power. It is not certain that UK pensioners in the EU would continue to get their annual increases.
Similarly, some UK nationals living elsewhere in the EU are entitled to state healthcare funded by the UK government, which would be open to negotiation.
#43
BE Forum Addict
Joined: Nov 2012
Posts: 1,643
Re: How will Brexit affect your finances?
For what it's worth, this is my take on the situation:- http://britishexpats.com/forum/retir.../#post11985091
#44
Re: How will Brexit affect your finances?
It's not the UK talking about dropping the arrangment it's the Philippine government.
#45
Forum Regular
Joined: Jun 2016
Posts: 32
Re: How will Brexit affect your finances?
What reciprocal agreement is this?