LONDON: For Roger Morton and his wife living in France – and many other UK expats across the European Union – Brexit is causing the closure of their British banking services.
Morton, a 78-year-old retired photographer, laments a letter from Barclaycard, informing him that their credit account will no longer be accessible, as Britain prepares for the end of the Brexit transition period on Dec 31.
"It was a surprise and something draconian," he told AFP of the letter, which he says comes on top of "an already stressful time" amid the coronavirus pandemic.
Their current account with Barclays, where they have banked for about 40 years, is not affected.
One of the first direct consequences of Brexit, the move by UK lenders to shut expat services is said to affect tens of thousands of people across Europe.
From Jan 1, following the end of the transition period, UK banks will be deprived of their "passporting" rights that have allowed them to offer services across the European Union.
To continue exercising these rights, they must have a legal entity in the countries of operation.
"This will obviously incur additional costs so banks will need to make decisions about which markets are likely to be cost-effective and profitable for them," noted Sarah Hall, professor of economic geography at the University of Nottingham, central England.
"This would mean that they choose to operate in some EU countries but not others," she told AFP.
For major UK bank Lloyds, the choice has been made. It is closing 13,000 accounts belonging to British expats spread across six EU countries – Germany, Ireland, Italy, the Netherlands, Portugal and Slovakia.
Banks are advising customers on their next steps.
Coutts, the bank of British monarch Queen Elizabeth II, has set up a dedicated team after warning its expat clients in July.
Expat newspapers, such as The Connexion in France, informs readers of their options such as changing banks so for example they can continue to receive UK state pensions.
HSBC and Santander have decided against closing accounts.
"HSBC has a legal entity in France and is planning on using that to service UK expats in France," added profesRead More – Source
Queen Elizabeth and Duke of Edinburgh receive Covid-19 vaccine
Queen Elizabeth II and the Duke of Edinburgh have received their Covid-19 vaccinations, a Buckingham Palace spokesperson said Saturday.
Dozens killed in suspected jihadist attack in Niger
Dozens of people were killed in an attack in Niger on Saturday, in a suspected jihadist attack.
The attack took place around 12:00 CET in the Tchomo-Bangou village in Tillabéri, a western region bordering Mali.
“The assailants surrounded the village and killed up to 50 people,” a local radio journalist said anonymously. “The wounded have been evacuated to the hospital in Ouallam.”
It came on the day provisional results for the first round of the presidential election, held on December 27, were released.
Mohamed Bazoum, the candidate for the ruling Party for Democracy and Socialism (PNDS) and a former interior minister, is in the lead with 39.3 per cent of the votes. Bazoum has vowed to strengthen the country’s fight against Islamist groups.
The second round of the election is to be held on February 21.
Niger has been a target for jihadist attacks for years, particularly in the western and southeastern parts of the country.
On December 21, six days before the presidential poll, seven soldiers were killed in Tillabéri. In May 2020, twenty people, including children, were also killed in two of the region’s villages.
Niger votes in presidential and legislative elections
People in Niger began voting in the country’s presidential and parliamentary elections on Sunday.
Mohamed Bazoum, the right-hand man of outgoing President Mahamadou Issoufou is the favourite to win.
The sixty-year-old former interior minister is aiming for outright victory in the first round — something that no candidate has done before.
He’s focussing on security and education.
Over 7 million people are eligible to vote. But some voters, like Gambina Moumouni, simply want a president they can trust.
“We pray to Allah to choose us the president who has the most mercy for the people, a president who will not betray the country and who will not betray the trust of the people, that is our wish. It is also our wish that Allah may help to make the poor, the peasants, the (cattle) breeders happy.
Thirty candidates are standing including two former presidents and two former prime ministers, but according to seasoned observers in the region, the poll is arousing little enthusiasm among the population.
Niger is the world’s poorest according to the UN’s Human Development Index and also one of those hardest hit by climate change.
Tech7 months ago
Search engine startup asks users to be the customer, not the product
Europe4 weeks ago
Covid: Flights shut down as EU discusses UK virus threat
Health4 weeks ago
Spain ‘to register’ those who refuse to have Covid-19 vaccine
Sports4 years ago
Boxing continues to knock itself out with bewildering, incorrect decisions
Sports4 years ago
Phillies’ Aaron Altherr makes mind-boggling barehanded play
Europe2 months ago
45 arrested across Europe and Brazil as authorities seize ‘record haul’ of cocaine
latest news7 months ago
Creepy technologies invade European post-pandemic workplaces
Sports4 years ago
Steph Curry finally got the contract he deserves from the Warriors