Warren Dew wrote:Globe wrote:"The main one is economic, as the majority of people with British state pensions could see their income reduced. The United Kingdom keeps the value of retirement payments to its overseas nationals in the EU in line with the UK, but this doesn't happen with its retirees living in some other countries. The exact policy that the UK will adopt when it leaves the union isn't yet known".
I'm pretty sure the terms of the exit will be negotiated by people who have summer homes in Spain and such. I doubt they'll be the ones harmed.
I'm sure Globe's retiree friends will be allowed to stay: pensions paid by Britain being spent in Spain are not something sensible Spanish governments would turn down.
Ah but you see... It doesn't matter if the retirees are allowed to stay. (Btw my friends and neighbours work and have businesses, not retired)
Because they wont be able to afford to stay, especially not if they have to pay private medicare on top of all the other monthly expenses.
They most likely wont be given full pension, and a lot of them are just scraping by as it is.