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Uncharted waters

What Brexit means for you as the UK crosses the line and advances into no-man’s land

While little will alter with regards to defence strategies, there will be changes ahead for you, your family and the nation

Oil prices

BRITAIN is sailing into uncharted waters because no country has ever left the European Union.

Little will alter for our Armed Forces as we will still be a nuclear power and leading Nato member.

Summer job at GCHQ
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Changes on the horizon ... while we will still have facilities such as GCHQ, pictured, and our armed forces, we are advancing blind into no-man's landCredit: Press Association

We will still have GCHQ spying on terror groups, plus MI5 and MI6, who are second only to the US.

But there will be changes for you, your family and the rest of the country. Here we look at them.

 

Flights

easyJet results
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Open Skies deal ... fares could rise in the aviation sectorCredit: Press Association

PRICES may rise if we have to re-negotiate the Open Skies deal which allows European airlines restriction-free flights in and out of each other’s airports.

The right to compensation for flight delays must also be discussed.

 

Holidays

Happy smiling family on Holiday !
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Holiday costs could shoot up ... but there will still be bargains out thereCredit: Alamy

NEW breaks may cost more if the Pound falls in value, but Turkey and Egypt are desperate for tourists so there will be bargains.

Duty-free limits will return on booze, meaning one litre of spirits, four of wine, 16 of beer and 200 fags.

 

Mobile

Beautiful businesswoman using smart phone at desk
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Freefall ... UK networks may be able to charge what they want soonCredit: Getty Images

CHARGES for UK networks are currently capped by EU rules.

Leaving the union  means they can charge what they want when you are away, but the Brexit government is unlikely to allow that.

 

Passports

EU Referendum - Signage And Symbols
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Minor changes ... the UK passport will drop the EU symbol from its pagesCredit: Getty Images

THE design of passports and driving licences will change in a few years to drop the EU symbol and words European Union.

As we are not in the Schengen Area we will continue to show passports when we travel to Europe.

 

Fuel

Oil prices
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Fuel prices on the rise ... AA says the average tank could cost more than a pound extra to fill-up by next weekCredit: Press Association

WHOLESALE fuel prices are quoted in dollars so expect 2p to 3p on a litre next week after the Pound’s fall.

An average tank will cost £1.25 more, says the AA, less if the Pound strengthens.

 

Property prices

property
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Property sector in flux ... lower prices may aid first-time buyersCredit: News Group Newspapers Ltd

THE National Association of Estate Agents predicts a £2,300 average property price fall by 2018, and £7,500 in London.

Chief Mark Hayward said: “Fewer people will be buying and selling.”

Lower prices will aid first-timers.

 

Mortgages and rent

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Unknown ... while officials will try & keep interest rates low, they may riseCredit: Getty Images

THE Government will try to keep interest rates low, but rates may have to rise to help reduce inflation.

Rents may fall as migration is cut, helping tenants but not buy-to-let landlords.

 

Pensions

Pensions Road Sign against cloudy sky
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What could the future hold? Chancellor admits current levels of inflation may not be viable in futureCredit: Alamy

THE State pension is protected but Chancellor George Osborne says the annual rise by 2.5 per cent, inflation or increase in average earnings may not be affordable in future.

Stock Market falls could hit private pension pots.

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