Earlier this week Prime Minister Theresa May announced that
the Article 50 process to take Britain out of the European Union will be
formally triggered on 29 March 2017.
UK Prime Minister Theresa May
The historic decision will start a two year period of intense
negotiations with the UK’s EU partners over tariffs, membership of the single
market and customs union, free movement of labour and immigration rights for
the millions of European and British migrants who live in various parts of
Europe.
In a statement, Brexit Secretary David Davis said: “We are
on the threshold of the most important negotiation for this country for a
generation.
“The Government is clear in its aims: a deal that works for
every nation and region of the UK and indeed for all of Europe – a new,
positive partnership between the UK and our friends and allies in the European
Union.”
The fate of three million EU migrants living in the UK is still
in the balance, as thousands apply for indefinite leave and British
Citizenship. Since millions of British citizens live in EU countries and the UK still needs skilled foreign labour, there will be no mass deportations.
Despite the divorce, custody arrangements will have to be made. After all, like a divorced couple with children, the affairs of Britain and EU member states will be inexorably intertwined for many years to come.
Despite the divorce, custody arrangements will have to be made. After all, like a divorced couple with children, the affairs of Britain and EU member states will be inexorably intertwined for many years to come.
UK net migration fell by 49,000 to 273,000 in the year to
September 2016 according to Office for National Statistics (ONS).
Immigration to the UK is estimated to be 596,000 – made up
of 268,000 EU citizens, 257,000 non-EU citizens and 71,000 British citizens.
Whilst EU immigration from several countries went down,
record numbers of Romanians and Bulgarians - 74,000 – came to live in the UK.
In the meantime, current UK Immigration Rules and EEA regulations still apply.
The historic week ends on a sad note following tragic events which took place in Westminster on Wednesday. Our condolences go out to the families of the people who lost their lives or suffered serious injuries, including a Police Officer and an American and Romanian tourist.
The UK is an attractive place to work, start a business or buy property, with no restrictions on foreign buyers and a vibrant mortgage market with record low interest rates. Last week, a leading mortgage lender announced that it was introducing a fixed rate mortgage with an interest rate of .99%.
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