Mostrando entradas de agosto 30, 2017

UK retirees race to settle in Europe before Brexit

UK retirees race to settle in Europe before Brexit
With the continuing uncertainty around Brexit and the potential impact on freedom of movement within Europe, many British retirees are moving to Europe while they still can.
With the Brexit deadline of March 2019 looming, many British retirees (in particular) are heading to Europe to settle before it potentially becomes more difficult. Move now – or wait?
Experts believe that it’s unlikely that any Brexit deal will make it as easy as it is now for retirees to move overseas. Unless there is free movement for EU workers in the UK, there is little chance of maintaining retirement rights such as being allowed to use the health systems on the continent, even though these are paid for by the NHS in some countries – Spain for example. This is backed up by research which has found that young immigrants provide an economic boost to most OECD countries, but people turn into a net drain on national finances when they reach the ages of 40-45.

More meetings please

The U.K. is using an old trick to meet a deadline: ask for more time.
As the third set of Brexit talks ran into familiar roadblocks and bitter frustrations were aired in public, an October deadline for a breakthrough is looking increasingly hard to meet. So the U.K. has asked the EU to squeeze in more negotiating sessions before then, according to a person familiar with the talks. 
There are only two more rounds planned before an EU summit that will decide if “sufficient progress” has been made on the divorce settlement for talks to move on to trade. The discussions are scheduled in week-long blocks, yet most of the 100-strong team of British officials didn’t arrive in Brussels until mid-morning on Tuesday. A concluding news conference is slated for Thursday lunchtime.
“The leeway the U.K. government has is very limited,” said Florian Otto, head of Europe research at global risk consultancy Verisk Maplecroft. “It isn’t really an option to let the timeline slip because you have a lot of c…