• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Theresa May Offered “Fair and Serious” Rights on EU Citizens


June, 23 2017
watermark Economic news

Theresa May, British Prime Minister of Britain, said to the leaders of European Union that EU citizens who came legally prior Brexit happenings are authorized to stay in Britain giving them a new ‘settled status provided that they have spent five years living in the UK.

PM May had spoke concurrently as the dinners end during the EU leaders' summit held in Brussels, stating that the United Kingdom agreed to deal with the “cutoff point” between March 29 of the current year, the date when she formally invoke Article 50, until the preferred period of the European Commission until March 2019.

This is the opening offer of May for the future citizen rights. Both nations, UK and EU wants to iron out the issue during earlier negotiations

European citizens who are part of this special status can acquire the same rights when it comes to NHS care, pensions and work along with other public services that British people have.

May mentioned in an interview with The Guardian that "The UK's position represents a fair and serious offer, and one aimed at giving as much certainty as possible to citizens who have settled in the UK, building careers and lives and contributing so much to our society,"

According to the report, the offer is dependent on the reciprocal pledge regarding the privilege of 1.5 million UK citizens who are presently residing somewhere in Europe had failed to reach its target with the EU’s demand in maintaining the continuity of the entire EU rights. But, the British country did not accept the demand of EU to grant the European Court of Justice to take the role as the guarantor.


Top Top