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A Freedom of Information request by the Financial Times has revealed that the number of people living in the EU who applied for a British passport jumped by more than a third last year as they sought to secure the right to live, work and learn in the UK after Brexit.

Figures compiled by the Passport Office and released to the Financial Times show 13,070 people living outside the UK but inside the EU applied for their first British passport in 2016, up 35 per centon 2015. This is more than double the rise between 2014 and 2015.

The largest number of applications came from France, where 2,369 individuals applied for a British passport last year, a 28 per cent rise on 2015. There were also 2,140 applications in Germany, a rise of 60 per cent.

Stocks around Asia were mostly lower on Tuesday following a flat lead from Wall Street and as momentum after the French presidential election faded. The S&P/ASX 200 was down 0.6 per cent in Sydney and Tokyo’s Topix was off 0.2 per cent, though the Hang Seng was up 0.4 per cent in Hong Kong.

Futures tip the FTSE 100 to climb 0.2 per cent at the open in London, while the S&P 500 is expected to dip 0.1 per cent when trading begins in New York.

Corporate earnings results out today include Natixis and a quarterly trading statment from William Hill.

The economic calendar for Tuesday is focused, like a laser (all times London):

  • 06.45: Switzerland unemployment
  • 07.00: Germany industrial production and trade data
  • 09.00: Italy retail sales
  • 09.00: Czech Republic foreign exchange reserves
Copyright The Financial Times Limited 2018. All rights reserved.

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