Brexit news: 10,000 UK expat pensioners leave the EU | World | News

Brexit news: 10,000 UK expat pensioners leave the EU | World | News

January 31, 2021 0 By boss

[ad_1]

It has been suggested the trend is a consequence of losing certain citizenship rights and having to apply for an EU visa because of Brexit. This is a stark reversal of the years of outward migration that preceded . More than 10,000 British pensioners have left the bloc since the Brexit referendum in 2016.

There has been a drop of 10 percent of British ex-pats in some European countries.

New data from the UK’s Department for Work and Pensions has found there are now 10,947 fewer UK retirees living in EU countries.

The number of UK pensioners living abroad increased to its highest level in 2017 to 475,000.

There are now 463,774 British expatriates still living in the EU.

JUST IN: Blair squirms when confronted with benefits of Brexit

In Italy and Cyprus, one in ten British pensioners returned home.

Since the Brexit referendum more and more retirees have decided to come back to the UK.

Tim Holmes of Salisbury House Wealth, a financial adviser, said this was a sign that British retirees were afraid of the consequences of losing certain rights after Brexit.

Those wishing to stay in the EU will have to apply for a Visa from June this year.

He said: “Many pensioners have already packed their bags.

“They have left the sunnier parts of Europe behind in the fear that further complications would arise as a result of the UK’s departure.”



[ad_2]

Source link