Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

No-deal Brexit could see Brits in EU lose access to UK bank accounts

Share this article

No-deal Brexit could see Brits in EU lose access to UK bank accounts
Pro-EU demonstrators hold placards and wave European Union flags during an anti-Brexit protest outside the Houses of Parliament in London. Photo: AFP
17:19 CEST+02:00
The British government released a list of 25 'technical notices' on Thursday, revealing that Brits living in the European Union could lose access to their UK bank accounts in the event of a no-deal Brexit.

The list of 'technical notices' released by the British government on Thursday aims to prepare businesses and the public for a no-deal Brexit. 

Secretary of State for Exiting the European Union Dominic Raab gave a speech on planning for a no-deal Brexit after his recent trip to Brussels to meet with European Chief Negotiator Michel Barnier for a further round of talks.

Raab warned that British citizens living abroad could lose access to their bank accounts.

Customers of UK banks living in the EU “may lose the ability to access lending and deposit services, and insurance contracts”, the paper says.

EU Chief Brexit Negotiator Michel Barnier (R) and Britain's Secretary of State for exiting the European Union Dominic Raab (L). Photo: AFP

Meanwhile, consumers buying products from the EU would face slower and more expensive credit card payments, and businesses were told that in the event of a no-deal “the free circulation of goods between the UK and EU would cease”.

The Brexit Secretary said that though he was "confident a good deal is within our sights" and that "it was still the most likely outcome", it was nonetheless necessary "to consider the alternative". 

These 25 notices are the first of 80 to be released over the summer which will outline what will happen in the event of Britain crashing out of the EU in March 2019. 

British expats living in Spain, France and Italy recently launched a legal challenge against the 2016 referendum, arguing Leave campaign broke electoral laws, therefore making the Brexit vote unconstitutional.
 
The legal challenge was presented by pro-EU advocacy group “UK in EU Challenge”, which represents Britons living in France, Italy and Spain.
 
READ ALSO:

British expats in EU launch Brexit legal dispute

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

10 things you should never do in Germany

Every country has its own unique cultural dos and don'ts. You won't get a round of applause for remembering the dos, but you can get into seriously hot water for forgetting the don'ts. To help you out, here's The Local's guide to 10 things you should never do in Germany.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement