In December 2018 the Government published a white paper on the UK’s future skills-based immigration system, followed a day later by The Immigration and Social Security Coordination (EU Withdrawal) Bill. Once enacted, the Bill will end freedom of movement for EU nationals, set a new framework for migration based on skills not nationality and end preferential treatment for EU nationals.
This webinar will help you to prepare for the changes in UK immigration rules being brought about by Brexit. We are partnering with Jurga McLuskey, who leads Deloitte’s UK and EMEA immigration practice. She is an eminent leader in the immigration space and has strong government relationships. She has appeared as an Immigration Expert in front of the Parliament Bill Committee to give evidence on the Immigration Bill and the White Paper.
A guide to where we are with Brexit
Theresa May has agreed a draft Brexit deal with Brussels. What happens now?
So a Brexit deal has been agreed or should we say has been drafted meeting both sides expectations? There are still some major hurdles to pass:
- first the cabinet ministers need to give it their blessing
- The meaningful vote in parliament
- Approval/ratification by the EU council (latest mid December)
- Ratification by UK parliament (end February latest)
- Final European Parliament plenary (mid March)
You could argue that with each of these hurdle taken the likelihood of the UK leaving the EU with and agreement is higher, but equally one hurdle not taken could throw everything in jeopardy again: PM resigning or being ousted, new referendum, new elections, etc.
Exiting or frustrating weeks/months ahead of us with no doubt difficulty in distinguishing noise from reality
The FT reports today that the ESMA and the FCA have struck an agreement that would protect the delegation model (amongst other things ...) in case of no-deal Brexit on March 29th. Seemingly this agreement will substitute the much-discussed MoU's that have not materialised yet, so it is good news overall. This will bring some relief in the EU Asset managers Boardrooms ... The FT quotes a senior figure at the EFAMA: "Ensuring that delegation continues to be authorised as it is today is of paramount importance to asset managers," i.e. this move would allow EU Funds houses to continue delegating the management of £1.8T worth of assets to London-based portfolio managers in case of a hard-Brexit.
The EU settlement scheme will open fully by 30 March 2019. The test phase of the scheme has opened on the 21st of January to those who meet all the requirements to apply (5 years continuous residence in the UK, if not you will get "pre-settled status").
I applied myself last week Tuesday and the process was overall straight forward and took about 25 minutes. I did have permanent residence status already so could use that registration to proof my plus 5 years residence in the UK. You will have to give your social security number as well which, without knowing the exact checks that are carried out, will likely enable the home office to verify your residence in the UK.
To my pleasant surprise my application was turned around in 48 hours and I received by email, the confirmation of my settled status.
I would be interested to hear the experience of others
I thought it would be good to start a discussion thread on the actual impacts that the industry is feeling due to Brexit. As time goes on there is more and more quantitive analysis such as the below report from EY: