Radford Taylor Partners - Brexit Transition Remains Open-Ended

TAIPEI, Taiwan, November 21, 2018 (Newswire.com) - Last week, British Prime Minister, Theresa May delivered a 585 page draft of the Brexit withdrawal agreement. Radford Taylor Partners analysts say the draft agreement covers important issues such as what law will govern the UK and EU after Brexit, the immigration policy and the question of the Irish border which has been a sticking point throughout the Brexit negotiations.

Under the provisions of the Brexit draft agreement, citizens of the European Union that have resided in the United Kingdom for a minimum of five years, as well as UK citizens residing in EU member states, will keep their rights of residence and will still have the option of having their family live with them but may have to formally apply for permission to reside permanently.

Until the end of the transition period, the rules of free movement will remain applicable, meaning that EU and UK citizens will still be able to travel, work and live freely. Any person deciding to live in the EU or UK during the transition period will be permitted to remain in their country of choice after the end of the transition.

When the transition period ends, an independent, skills-based immigration policy created by the UK will replace free movement.

The proposed immigration rules have sparked criticism from many businesses in the UK and analysts at Radford Taylor Partners have cautioned that the new immigration rules could lead to a shortage of labor in the UK.

Still in question is the exact length of the transition period. In the 107,000-word draft agreement, it states that the transition period will end in December 2020. Radford Taylor Partners analysts say that officials from the EU and UK have until this week’s EU summit to decide what the maximum length of the transition period will be.

Source: Radford Taylor Partners