Contact

News & Insights

Can expats vote in May’s surprise general election?

In October, as a response to the upset, the government announced – in what’s known as the ‘Votes for Life Bill’ – that it would be scrapping the 15-year time limit. Thus, allowing all expats, regardless of how long they’ve not been registered in a British constituency, the right to vote in parliamentary elections. The government promised that all expats would be eligible to vote in time for the 2020 election.

However, the upcoming surprise election was not foreseen. Now, a British embassy official in Madrid has confirmed that, while the government remains “committed to changing the law to enfranchise all British ex-pats”, there is not enough time to pass the Votes for Life Bill before the snap election.

Because the outcome of the election is likely to be vitally important in respect of how Brexit negotiations will be carried out, and because the government specifically promised expats they would have their say in the next election, many feel the timing is unfair.

Unhappy with the news that she and others like her will be disenfranchised, Chris Madsen, an expat living in France, started a petition demanding that long-term expats be given the “fundamental” right to vote. Madsen said the 15-year rule may be OK in matters of local politics, “but in the recent referendum it prevented many of the very people whose lives would be most greatly affected from having a say in their own future”. Madsen believes that the same thing happening again is unacceptable. The petition gained thousands of signatures in just 24 hours.

In the meantime, if you’re an expat who’s lived outside the UK for less than 15 years, then you should check you’re on the electoral register and apply for a proxy or postal vote as soon as possible.

As for the actual election itself, what might it mean for expats? Some are concerned that if the Conservative party wins, it will convince the government to stick to their plans of a hard Brexit, withdrawing Britain from the single market and potentially causing problems for many around Europe. On the other hand, if Labour or the Liberal Democrats (who are very much an anti-Brexit party) gain more seats, then the whole Brexit strategy is likely to be changed (and the decision to leave could even, potentially, be reversed).

Whether the result of the 2017 general election makes things clearer or just further adds to the uncertainty over Brexit, expats can help themselves by having sound financial planning in place so they are well prepared for the future outcomes. Blacktower offers a variety of expat financial services to help you reach the best decisions on managing your money.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

New Spanish Will Laws from 17th of August

Blacktower Financial Management

Many of our clients will have beside their property and / or bank accounts here in Spain still assets abroad.  This could be a property in the “home” country, a share portfolio in Luxembourg, an offshore bank account etc.

Most would have a Will covering these assets in their home country and without specific mention of the asset will have laid out their wishes in the form of for example “spouse to spouse on first death and on second death to the children” which would apply to all their assets.  

Should the person have not bothered taking on a Spanish Will then the heirs would have to go through the extra work and costs involved in relying on a UK or foreign will for the disposal of the Spanish assets.  The Will would have to be translated and apostiled adding delays and extra costs at a difficult time for the heirs.

Read More

An Interview with Associate Director,  Antonio de Andrade Rosa

Founded in London in 1986, the Blacktower Financial Management Group provides wealth management consulting and a tailored service for individual and corporate clients. In this interview, António Rosa, Associate Director, delineates the role of Blacktower inside and outside Portugal. Introduce Blacktower Financial Management Group to our readers. The Blacktower Group, as we know it today, […]

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information:

You are currently viewing the Blacktower Financial Management EU website.

You may be looking for the Blacktower United States website.

Blacktower United States > X Stay on this site

Or choose your country.