Brexit: What next?

Brexit: What next?
On Thursday 23 June 2016 the UK public has voted to leave the EU and nowadays it’s a hot topic across the world in newspaper, on tv, radio, social media.
For many people this is not an easy situation which may rise lots of emotions. No doubt you are worried about it and very likely you are interested in getting answers. Some answers you will get in stages, however there are some answers you can find now, for example:

What happens next?

An agreement called Article 50 of the Lisbon Treaty has to be activated in order to leave the EU. The withdrawal from the EU is a formal legal process which gives the UK two years for a negotiation with the EU. This means some laws will change in the future – but not immediately. For now everything stays the same until new laws are made. All you need to know about the UK’s EU referendum you can find on GOV.UK.

What about EU citizens living and working in the UK?

Citizens’ Advice has reminded people their rights in UK have not changed yet. This means your rights to live, work or get benefits won’t change unless the government passes new laws. This will take time. Changes to the law will be announced before they happen, so you’ll have time to prepare if you’re affected.

What about economic impact?

The HM Treasury has already published detailed analysis on the immediate and long term economic impact of leaving the EU. According to this analysis the economic impact will effect many areas and knowing that you can predict some things and plan ahead.

Things to consider

Don’t believe in every word said in media. Before you take any action or say something check with reliable sources such as GOV.UK, CITIZENS ADVICE or others.
Make sure the person who offers any advice or assistance relating to immigration is either registered with the Office of the Immigrations Services Commissioner or work for solicitor’s firm. Solicitors are regulated by Solicitor’s Regulation Authority (SRA).

 

Follow us on Facebook to find more tips in business, accounting, tax and legal.

 

Also you can get our articles for free directly to your email inbox. Please sign up form below.

 

mm

About Diana Hurta

Founder, CEO of DH Accounts & Legal Ltd. Business Management Consultant, Accountant and Tax Advisor.

Get Our Newsletters

Get our news, articles, offers, videos for free and find tips in business, accounting, tax and legal for your successful business!

Subscribe