France sees boom in private garden rentals In a trend accelerated by lockdowns and recent heatwaves, the market for shortterm garden rentals is booming >> Page 11
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November 2016 - Issue #85
Your local newspaper for life in France
August 2022 - Issue 154 - FREE!
Barclays Bank closes expat accounts
>> continued on page 4
Local zoos rescue wildfire victims - pg 9
U-turn over motorbike CT rules - pg 12
La Poste ditches the first class stamp - pg 13 @vane_vincent (Twitter)
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country to operate in any other EU country, without having to apply for a separate banking licence. Now that the UK is outside of this system, any British bank wishing to have customers based in the EU must obtain new legal permissions and set up separate legal entities in each jurisdiction. For many high street banks, the number of customers they have does not justify this cost. The latest move by Barclays affects current and savings account holders, but not those with ISAs or mortgage accounts, and customers have six months to now make the necessary arrangements. Any balance held in an account after the account is closed will be securely
Veggie 'burger' ban reversed - pg 3
Channel border chaos: who or what is to blame? - pg 6
The UK bank has become the latest to write to its French customers, informing them that their bank accounts will be closed in the next six months.
arclays Bank has written to its French expat customers to let them know that their accounts will be closed in six months' time. While the letter - entitled “Please take action: we need you to close your account” - does not use the term “Brexit”, it is clear that the move is a direct result of Britain's decision to leave the EU. “We're applying limitations to the banking services we provide to customers with an address in the European Economic Area (EEA),” the letter states. “We're sorry to say this means we need you to close your account.” Since Brexit, the UK banking sector no longer has access to the so-called financial “passporting” system which allows banks in one
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