Expats around the world are already starting to experience the worst cost-of-living crisis in a generation, with budgets squeezed by tax rises and everyday purchases going up in price. The biggest change for most expats has been the increase in the energy cap on April 1, but many other price rises will add hundreds of pounds to an expat’s household spending too. The net result of rising inflation could leave thousands of expats worse off this year.
It took a global pandemic to finish what Brexit started, with ‘the great reshuffle’ well underway. While it is well documented that homeowners and tenants have re-evaluated their lifestyles, swapping city bolt holes for countryside cottages, there is an equally important shift in the business sector.
The B word has been somewhat overshadowed by the C word. So we forgive you for being out of the loop since our EU departure. Despite other events, Brexit has happened and it continues to shape our professional, economical and political backdrop. Here’s the latest news you may have missed but it’s delivered heavily caveated, as it’s extremely hard to separate the impact of the pandemic from the effects of Brexit.
This year could be the year you make the big move and leave your home country, joining the expat community of professionals overseas. Moving abroad always means enormous changes, and this year is likely to present more challenges than ever.
To help you take the leap, we round up the best tips for moving abroad in the aftermath of Brexit and COVID-19.
The UK immigration system that will apply to both EU and non-EU nationals after the Brexit transition period ended on 31st December 2020 has changed.
From 1st January 2021, free movement ended and a points-based system is now in effect. This is part of a wider programme of change to transform the operation of the UK’s border and immigration system. The UK Government has advised that EU and non-EU citizens will be treated equally and will give top priority to those with the highest skills and the greatest talents: scientists, engineers, academics and other highly-skilled workers.