Friday 30 June 2023

Post-Brexit mutual free movement of people ‘critical’

The deVere Group has issued a statement saying : ‘it is becoming increasingly clear that the UK and the EU must strike a postBrexit mutual free movement of people agreement’. 

deVere believes this is necessary if both are to economically thrive over the next decade. 

The ‘call-to-action assessment’ comes from James Green, deVere Group’s Investment Director, as Nigel Farage, one of the biggest, highest-profile advocates of Britain’s departure from the European Union, believes “Brexit has failed.” 

Prominent Brexiteer and successful hotelier Sir Rocco Forte has spoken this week of ‘declinism” in Britain saying : “If I was in Italy, I’d be able to expand quicker than I could sitting here in the UK”. 

The deVere Group Investment Director believes there is a growing sense among politicians, the public and business leaders, that the UK and the EU must strike a post-Brexit mutual free movement of people agreement if they are both to economically thrive over the next decade and beyond. 

He says that while Brexit’s ending of free movement of people “continues to cripple critical parts of the UK economy such as transport, hospitality and retail, due to 330,000 fewer workers in Britain,” the end of free movement of people following Brexit has brought economic negatives for the EU too. 

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions, with a network of more than 70 offices across the world servicing 80,000 clients and $12bn under advisement. 

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