No Deal Brexit

Old Jan 11th 2019, 3:29 pm
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Default No Deal Brexit

This, from UK Govt this afternoon, may be of interest.

Spanish government announcement on EU Exit
The Spanish government has confirmed its intention to protect UK citizens’ rights in the event of the UK leaving the EU without a deal. Issues of residency, social security, healthcare and recognition of academic qualifications will be covered in a “royal decree” (further legislation) expected in February.

They also intend to launch a website on 14 January to provide information for both citizens and businesses.


Source https://www.gov.uk/guidance/living-i...tent=immediate

Last edited by Fred James; Jan 11th 2019 at 3:31 pm.
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Old Jan 11th 2019, 5:00 pm
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Default Re: No Deal Brexit

Thanks, Fred. Good to know.

I think Italy has announced something similar. Nice to know some countries actually thinking about people.
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Old Jan 11th 2019, 5:18 pm
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Default Re: No Deal Brexit

There is a bit of a sting in the tail : "As long as there is a reciprocal agreement for the Spaniards that live in the UK " is the final part of the text from the Spanish government
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Old Jan 11th 2019, 5:34 pm
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Default Re: No Deal Brexit

Yes. Remember this is in the event of a no -deal which after the latest amendments seems to becoming less likely. If a deal is approved we then have an extension period where all rights will remain. Also there seems to be a growing consensus that article 50 could be suspended to provide more time for the UK to reach some kind of reasoned approach. So all in all it could be some time before Brexit really kicks in
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Old Jan 11th 2019, 6:46 pm
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Default Re: No Deal Brexit

Originally Posted by Loafing Along View Post
There is a bit of a sting in the tail : "As long as there is a reciprocal agreement for the Spaniards that live in the UK " is the final part of the text from the Spanish government
As far as I am aware, the UK government have already committed to that.
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Old Jan 12th 2019, 3:08 am
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Default Re: No Deal Brexit

Originally Posted by Fred James View Post
As far as I am aware, the UK government have already committed to that.
They have. The EU has not. Good to see individual member states acting unilaterally to do the right thing.
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Old Jan 12th 2019, 7:03 am
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Default Re: No Deal Brexit

Originally Posted by Fred James View Post


As far as I am aware, the UK government have already committed to that.
what they say and what happens are 2 different things, the UK government have not signed anything yet.
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Old Jan 12th 2019, 8:16 am
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Default Re: No Deal Brexit

Originally Posted by newpower View Post
what they say and what happens are 2 different things, the UK government have not signed anything yet.
Personally I see your comment as quite negative. They have not signed anything yet because no one has signed anything off yet! It is positive that individual countries are both planning for the possibility of no deal to protect the likes of many of us. After all no deal hasn't happened yet either and may never happen, but prior planning and preparation is good from all parties.
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Old Jan 12th 2019, 9:25 am
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Default Re: No Deal Brexit

Originally Posted by newpower View Post
what they say and what happens are 2 different things, the UK government have not signed anything yet.
https://www.gov.uk/settled-status-eu-citizens-families
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Old Jan 12th 2019, 10:00 am
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Default Re: No Deal Brexit

Originally Posted by newpower View Post
what they say and what happens are 2 different things, the UK government have not signed anything yet.
You should read this

https://assets.publishing.service.go...eal_Brexit.pdf
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Old Jan 12th 2019, 2:57 pm
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Default Re: No Deal Brexit

The biggest threat to those Ex Pats living all over the EU who rely upon pension(s) is a fall in the £ which is very likely in the event of a no deal Brexit. Not only will it impact on income levels but it may also depress the house market in Spain as properties will become less affordable for people from the UK.

Lets see what happens but I can't see anything good coming from Brexit.
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Old Jan 12th 2019, 11:53 pm
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Default Re: No Deal Brexit

Originally Posted by Hornets_Nest View Post
The biggest threat to those Ex Pats living all over the EU who rely upon pension(s) is a fall in the £ which is very likely in the event of a no deal Brexit. Not only will it impact on income levels but it may also depress the house market in Spain as properties will become less affordable for people from the UK.

Lets see what happens but I can't see anything good coming from Brexit.
The pound has gone pretty much as low as it will go. A ‘No Deal’ Brexit would depress it further for a while but it would start to climb again after six months or so when the sky has failed to fall in. I would more concerned about the next recession that’s brewing.
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Old Jan 13th 2019, 5:38 am
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Default Re: No Deal Brexit

Originally Posted by BritInParis View Post
The pound has gone pretty much as low as it will go. A ‘No Deal’ Brexit would depress it further for a while but it would start to climb again after six months or so when the sky has failed to fall in. I would more concerned about the next recession that’s brewing.
In the next financial crisis I wonder if those medicines QE and austerity are going to be any good?
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Old Jan 13th 2019, 5:02 pm
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Default Re: No Deal Brexit

Originally Posted by BritInParis View Post
The pound has gone pretty much as low as it will go. A ‘No Deal’ Brexit would depress it further for a while but it would start to climb again after six months or so when the sky has failed to fall in. I would more concerned about the next recession that’s brewing.
It seems it started showing even in mighty DE ...
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Old Jan 13th 2019, 11:58 pm
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Wink Re: No Deal Brexit

Originally Posted by BritInParis View Post
The pound has gone pretty much as low as it will go. A ‘No Deal’ Brexit would depress it further for a while but it would start to climb again after six months or so when the sky has failed to fall in. I would more concerned about the next recession that’s brewing.
Wow love the FX predictions if your that certain put your money into the mighty GBP
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