British Expats, I mean Immigrants living in the EU are permanently angry at everything… but they rage when rejected by a British bank and Financial Services…
Due to Brexit, British immigrants are being shunned by financial institutions in the UK… those living in the EU are finding that British banks and building societies do not want to lend them money or even open a bank account… This is due to relationship issues between Brussels and the UK surrounding Brexit… Memorandum of Understanding, passporting rights, and the European Court of Justice… it all springs to mind…
But also increased difficulties in checking income, expenditure, and general affordability… since the UK has lost financial intelligence post Brexit of residents in the EU…
“It is also to do with the lack of a finance bill… being part of the UK Brexit deal, British building societies have decided to stop lending to Brits who live in the EU… Many of these British immigrants have already had their UK accounts closed since they cannot operate as before a whole load of numpties who put that cross in the wrong box…and many of those Brexiter Turkeys lived in the EU and yes they voted for Christmas…
Passporting rights have now ceased and the transition period ended on 31 December 2020…
Passporting refers to the regulation of financial services, allowing UK firms to continue to do business throughout the EU/EEA without the need for further authorization… But now, it’s over… The UK is legislating for a Temporary Permissions Regime but for that to be possible in the EU it would be on a per-country basis and that’s if they want to…a sense of realisation and banks playing catch-up…Even Euro Clearing is to end in 2025…
So the many British EU residents who have been scamming the system and not declaring their UK bank balance on their tax returns and claiming local heating allowances in the country they reside are finally being left without that tax haven…
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