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Pound falls as Theresa May indicates Brexit date

Pound falls as Theresa May indicates Brexit date

Sterling has fallen to a three-year low against the euro after Theresa May outlined the timetable for starting Brexit negotiations.

bbc_eu1It also hit its lowest level against the dollar since the beginning of July.

On Sunday, the prime minister said she would trigger Article 50, the clause needed to start the process, by the end of March 2017. That means the UK is likely to leave the EU by mid-2019. In early morning trade, the pound fell by about 1% against the euro to €1.1433 before recovering slightly.

It was also down 1% against the dollar at $1.2854 at one point, its lowest since 6 July, when it hit $1.2797.

 

Government announces end of European Communities Act

Government announces end of European Communities Act

The UK will take back control of its laws and provide the maximum possible certainty for workers and businesses on leaving the EU.

gov-ukSecretary of State for Exiting the European Union David Davis has announced today that the Government plans to repeal the 1972 European Communities Act (ECA). The Act gives direct effect to all EU law and the introduction of a new Bill to repeal it will mean the Act ceases to apply from the day of exit.

At the same time the new Bill will convert existing EU law into domestic law, while allowing Parliament to amend, repeal or improve any law after appropriate scrutiny and debate.

Read More on Gov.uk Website

Swiss climbdown over free movement may deal blow to UK hopes

Swiss climbdown over free movement may deal blow to UK hopes

MPs vote for local preference in job hires but plan does not include fixed limits on EU immigration

eu6-guardianThe Swiss parliament has largely caved in to EU intransigence on free movement in a decision that could deal a blow to British government hopes of being able to both control immigration and retain enhanced single market access after Brexit.

Swiss MPs approved legislation on Wednesday that would promote some local preference in job hires, a compromise they hope will allow vital economic relations with the bloc to be preserved following a 2014 referendum vote to cap EU immigration.

Read More at Guardian Online

Britain just got its first concrete sign that Brexit will destroy the economy

Britain just got its first concrete sign that Brexit will destroy the economy

Britain just got its first concrete sign that the British exit from the European Union, or Brexit, will crush the nation’s economy after a grim set of PMI data released by Markit on Friday morning showed a “dramatic deterioration” in the economy since the UK voted to leave the EU.

eu-indie-4Speaking about the data, Markit’s chief economist, Chris Williamson, said (emphasis ours):

“July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009.

“The downturn, whether manifesting itself in order book cancellations, a lack of new orders or the postponement or halting of projects, was most commonly attributed in one way or another to ‘Brexit.'”

Read More at Independent Online

Sturgeon ‘gobsmacked’ by lack of answers to basic Brexit questions

Sturgeon ‘gobsmacked’ by lack of answers to basic Brexit questions

Scotland’s first minister warns long and complicated exit from EU could lead to ‘lost decade of uncertainty and turmoil’

eu5-guardianScotland’s first minister told MSPs she was shocked there was no clarity on what the UK government wanted to achieve in its exit talks with the EU, which now looked like a “very long and very tortuous process”.

She said she feared the delays and complexities of leaving the union would lead to a “lost decade of uncertainty and turmoil” for the economy and society in general. The damage caused could be “deep and severe”, she added.

It was “utterly, utterly depressing” that British citizens now faced having to pay for visas to enter the EU after Brexit, the first minister added. She said a key goal for the UK was to remain within the single market: that would be the “least worst” option short of remaining a full EU member.

More at Guardian Online

BREXPATS IN SPAIN: Answering the Urgent Questions

BREXPATS IN SPAIN: Answering the Urgent Questions

PENSIONS, properties, taxes and healthcare, it only took the scratch of a pen for British voters to seal an uncertain fate for the country, but the consequences of their decision are very real, particularly for the millions of expatriates living across the EU.

It is preBREXPATS-BANNER-8cisely this ambiguity over the future of legal and financial arrangements that inspired five British expatriates to establish a group with the seemingly simple, but infuriatingly complex mission of answering important questions that simply didn’t exist just three months ago.
More on EuroWeeklyNews

Brexit: Farmers who backed Leave now regret vote over subsidy fears

Brexit: Farmers who backed Leave now regret vote over subsidy fears

eu-indie-3Many British farmers are experiencing ‘Regrexit’ over fears they may lose agricultural subsidies, the Earl of Sandwich has told Parliament.

“In 2013, farmers received €2.6bn (about £2.2bn) under pillar 1 [an EU funding term] and €637m (£538m) for agri-environment and rural development under ‘green’ pillar 2.”

Speaking in a House of Lords debate, John Montagu said many farmers had voted “without understanding the consequences” and were now in dismay over news they may not receive the same level of payouts made under the EU’s Common Agricultural Policy.

More on Independent Website

Lawyers paid £33,000 of Taxpayers’ Money a Week to Advise Government on Brexit Negotiations

Lawyers paid £33,000 of Taxpayers’ Money a Week to Advise Government on Brexit Negotiations

Department for Exiting the EU spends an estimated £268,711 in eight weeks.

Nick Clegg, who uncovered the spending, said it was further evidence of “how ill-prepared Whitehall is” for the enormous task of withdrawing from the European Union.

eu-indie-2
The former Liberal Democrat leader said: “Anyone who thinks Brexit will be quick or easy is seriously mistaken.
“This huge taxpayer-funded Brexit bill for legal advice shows how ill-prepared Whitehall is for what will be the biggest and most complex set of negotiations it has ever attempted.”

More at The Independent Website

You should read Japan’s Brexit note to Britain — it’s brutal.

You should read Japan’s Brexit note to Britain — it’s brutal.

The message is addressed to everyone in Britain, not just some government official in Theresa May’s Department for Exiting the European Union. Its title is “Japan’s Message to the United Kingdom and the European Union.”
bi-1

The 15-page document is also startling because it isn’t couched in vague, political spin. The only thing we “know” about May’s Brexit strategy is “Brexit means Brexit.” May has given no further details about what her government is trying to achieve.

The Japanese note, in contrast, is a list of specific concerns and demands.
More at http://uk.businessinsider.com

Note on the Special State Insurance (convenio especial)

Note on the Special State Insurance (convenio especial)

Interesting notes about the special agreement on the provision of medical assistance to individuals who do not have insured or NHS beneficiary status.-

According to Royal Decree 576/2013 of 26 July and Order SSI/1475/2014) this special scheme applies only to individuals who:

  • Do not have insured or NHS beneficiary status and,
  • Do not have access to the public health care protection based on any other legal grounds; and, consequently, involving no protection under the European regulations or any bilateral/multilateral international agreement on coordination of Social Security System.

Consequently, this special state insurance (called in Spanish “convenio especial”) will not be applicable to individuals otherwise entitled to public health care protection under the umbrella of European regulations or international agreements.

There are other more specific situations, as a general rule, “Insured status” will be granted, under the Spanish Law, to individuals in any of the following circumstances:

  • Being employed or self-employed, and registered with the Social Security system as an employee.
  • Being a pensioner in the Social Security system.
  • Being in receipt of any other periodic Social Security provision, including unemployment benefits or any others of a similar nature.
  • Having completely consumed unemployment benefits and others of a similar nature, remain unemployed and do not have insured status on any other grounds and residing in Spain. This scenario will not apply to foreigners who are not registered or are unauthorized residents in Spain.
  • Minors subject to administrative guardianship.

The “Beneficiary status” will generally derive, under certain circumstances, from a relative, spouse, cohabiting partner or even an ex-spouse. In the case of being the ex-spouse, beneficiary status will be only considered in cases of dependency based on a compensatory pension entitlement.

Under the scope of this Special scheme, applications for health protection should be registered with the Spanish “INGESA” (National Health Management Institute) and the following requirements should concur:

  • Providing evidence of an effective residence in Spain during a year before the date of applying for the Special scheme.
  • Being registered (empadronado) in any Spanish Town Hall at the moment of submitting the application
  • No entitlement to public health protection under any other scheme, either by application of domestic law or European regulation on Social Security or by bilateral international agreements signed by Spain with other countries.

Monthly fixed fees (which may be periodically reviewed by Government) for applicants under 65 will amount to 60 euros, while fees for individuals over 65 will increase up to 157 euros per month.

Applications under the special scheme will be answered by the authorities within a maximum period of 30 days; the lack of no response for longer than that period, could be understood as a statutory recognition of entitlement (by administrative silence).

The special scheme described ensures access to the basic common portfolio of the Spanish NHS (with identical guarantees regarding extent, continuous care and coverage as for individuals with an insured or NHS beneficiary status), including prevention, diagnosis, treatment and rehabilitation received in public health centers, as well as urgent medical transport.

Nevertheless, supplementary services provided by each Autonomous Community, such as pharmaceutical or orthopedic prescriptions and dietetic products, will not be included unless by express regulation of the Autonomous Communities involved. Extension of services in these cases could result in an increase by the autonomic government of those fixed fees for the basic amount.
Ana Argente
Spanish-qualified lawyer (FERRERO LAWYERS) on behalf of BREXPATS IN SPAIN

Download the Application Form here

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