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Friday, February 8, 2019

Brexit Preparedness: Adoption of a set of rules related to security issues and EU budget in case of "no-deal"

Economy - Finances,

News Following the European Council's call to accelerate the preparation process for the Brexit and after the adoption of a Contingency Action Plan on December 19th, 2018, a new set of rules has been adopted in order to face the eventuality of a "no-deal", taking into consideration several sensitive issues.

This set of rules deals with three main concerns that the Brexit rose: the case of the 7,000 EU students enrolled in a British university under the Erasmus+ programme, who would be ensured that they can complete their stay abroad (like the 7,000 British students that are enrolled in an EU university under the same programme); the safeguarding of social security rights for EU citizens that have exercised their right to free movement in the British territory; and the protection of the beneficiaries of EU funding.

Concerning the latter point, and provided that the United Kingdom respects its commitments under the 2019 EU budget, the EU would be in a position that allows the organisation to honour its commitments and to continue making payments in 2019 to UK beneficiaries for contracts signed and decisions made before 30 March 2019. The UK must, however, accept the necessary audit checks and controls. This would help mitigate the significant impact of a “no-deal” scenario for a wide range of areas that receive EU funding, such as research, innovation or agriculture.

Source :  Brexit Preparedness: European Commission adopts final set of “no-deal” contingency measures for Erasmus+ students, social security coordination rules and the EU budget


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