Saturday, June 10, 2017

UK election splits the country and calls for a softer Brexit approach

The UK General Election is finally over resulting in a hung parliament, with Theresa May's Conservative party winning 318 seats - eight short of an outright majority.

Mrs May won more seats than any other party and can still form a government, courtesy of ten DUP MP's in Northern Ireland. However, she did not obtain the desired "mandate" to negotiate a hard Brexit with EU leaders and ‘remainers’ in her own party could push to stay in the single market, while others could seek to derail the whole project. 

If either of the above scenarios came true the whole nation-dividing EU referendum and Brexit dream will have been for nothing, as nothing much will have changed – other than the UK losing its seat at the European table. 

Free movement will have to stay as part of any single market deal, which effectively throws any net migration targets out of the window. 

Remain campaigners and repentant EU leavers could be forgiven for sighing a breath of relief, although May has vowed to keep moving forward with ‘business as usual’ style negotiations starting this month.  

The election result shows that country has spoken. The people do not want a hard "no deal is better than a bad deal" exit from the EU, as illustrated by the collapse in UKIP vote and young voters turning to Labour. If a second ‘in/out’ referendum were to take place now, what do you think the result would be?

In the meantime, life goes on as usual for most us (not, unfortunately for those MP in office) and we have to carry on making our own 'economy' and driving the vehicle towards our passion and goals.  

The UK is still a popular destination for working and wealthy migrants seeking a safe country with a strong economy and rule of law.

Europe is the most sought after region in terms of high net worth immigration, accounting for over half of the total number of global citizenship applications, with the Caribbean in second place, followed by North America in third. Recent studies conducted by global immigration experts, ranked the Cyprus Citizenship by Investment Program among the “top ten best in the world”.

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