Posted: 24 June, 2016
Best thing about the Brexit? Migrating to the UK
Source: Getty Images
It’s great news for Aussies wanting to move to the UK after Britain voted to leave the European Union.
Leave supporters have said it would become easier for Australians to study or work now the UK has left.
At the moment, Britain does not have the freedom to change a migration policy that favours the EU and discriminates against skilled workers for Australia.
In turn, the number of Australians migrating to and living in the UK has dropped dramatically over the past ten years as Britain has restricted immigration with though new visa rules, including a minimum income requirement.
“Because of the EU’s requirement that their citizens move freely around the EU, Britain has tried to reduce it’s migrant numbers by reducing non-EU migration and that’s impacted Australia,” Georgina Downer from the Institute of Public Affairs said.
Source: Getty Images
Specifically, the number of Australians obtaining work visas from the UK has halved since 2006 and is now fewer than 15,000.
"Since 2008 we've seen a 40% decrease in the number of Australians able to migrate to the UK.."
Now that Brexit is the winner, it’s leaders have promised an Aussie style points-based immigration system that would put an annual cap on visas.
“Once Britain is out of the EU we’ll see a restoration of the previously pretty healthy numbers," Ms Downer said.
Results From Historic Vote
Britain has voted to leave the European Union, a historic decision sure to reshape the nation’s place in the world but will give them more independence.
The BBC made the call based on voter tallies from Thursday’s historic referendum as 304 of 382 areas showed a 51.5/48.5 per cent split for leaving.
The vote to leave raises questions over London’s role as a global financial capital and ushers in months of political limbo. In the coming months, British and European leaders will begin negotiating the terms of Britain’s departure.
Britain’s shock exit will affect the British economy, immigration policy, and lots more. It’ll take two-four years for the full impacts to become clear. The referendum vote is not binding and so nothing changes immediately, except for the stock market.
One of the biggest changes is the announcement UK Prime Minister David Cameron will resign. The Remain campaigner was forced to call the referendum and a new Prime Minister should be in place by October.
Experts believe the outcome will set the UK on an uncertain path that’ll echo around the world, but there will be long term gain for Australians.
Impact on Australia
Malcolm Turnbull expects the British exit will have an initial “shock” and create uncertainly, but stability will return soon.
The Australian share market and dollar have taken a hit and the pound dived as vote counting in the British referendum pointed to a win for the Leave campaign.
“That will create uncertainly and somewhat of a shock.”
“I’m sure stability will return in due course, but it will be a shock and it’s a reminder, as Margaret Thatcher wisely said once, ‘Expect the unexpected.”
Mr Turnbull took the chance to link the vote with his own campaign for re-election, saying that strong economic leadership was needed.
“We need to have a stable majority government, with a clear economic plan,” he said.
Positively, Shadow treasurer Chris Bowen said the direct impacts on Australia would be minimal, but there would be global volatility and uncertainty.
Treasurer Scott Morrison also told reporters Australia’s exposure was “very limited,” and Labor Leader Bill Shorten said Australia could withstand any fallout from a Brexit.
“The fundamentals of the Australian economy are solid.”