On June 23, 2016, the British voted for Brexit – the exit from the European Union – in a referendum with about 52 percent of the vote. After more than 40 years of accession, the British are the first to leave the European Union. Article 50 of the EU Treaty regulates the individual stages involved in leaving the EU.
In a post-Brexit transition phase, the UK remained in the EU’s internal market and customs union until the end of 2020 to avoid a severe economic downturn. The issue of saving money in the UK has become more and more common.
At the last minute, Brussels and London brought their post-Brexit transitional trade agreement over the finish line on 24 December 2020. The UK will no longer be part of the internal market from 1 January 2021 and is developing its own rules in many areas.
Introduction of a dotted immigration visa
“The United Kingdom has introduced a point-based immigration system that prioritizes people’s skills and talents,” said the British government. To be eligible to work there, you will need to earn 70 points based on your skills and qualifications and consider professional services online. For example, knowing how to speak English is worth 10 points, getting a job offer with a salary above a threshold of £ 20,480 (EUR 29,445) is worth 20 points, etc. Visa application fees can range from EUR 660 to almost EUR 1,400.
Qualified worker visa
To come to work in the UK, the main visa is a skilled worker visa called a “skilled worker visa”. To obtain it, in addition to online education skills, you must meet the following conditions:
have obtained a job offer from an approved employer with the required level of qualification;
to be paid the minimum wage of £ 25,600 (EUR 30,000) or the rate in force for a particular job, whichever is higher. However, you may receive a lower salary in some cases, especially if you are under 26 or sign a short-term employment contract (read the box at the end of the article);
speak at least an average level of English, B1 (according to the Common European Framework of Reference for Languages).
British MEPs lose seats
Nigel Farage, the leader of the Brexit party and one of the biggest supporters of leaving the EU, is one of the 73 MEPs who will automatically lose their seats in the European Parliament.
Indeed, at the time of Brexit, the United Kingdom will leave all EU institutions and political agencies.
However, apart from the fact that the United Kingdom will follow EU rules during the transition period, the European Court of Justice – the international body that rules on how EU laws are implemented – will continue to have the final say in legal disputes.
Approximately three million 50-pence Brexit commemorative coins bearing “January 31” and the inscription “Peace, prosperity and friendship with all nations” will be put into circulation.
The currency has received mixed reviews, with some Britons saying they will reject it.
The government had previously planned to introduce a similar currency on October 31, when Brexit was previously scheduled to take place.
However, these parts had to be melted down and recycled after the deadline.