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European Union 'ready' for United Kingdom to trigger exit process

20 March 2017, 09:17 | Taylor George

European Union 'ready' for United Kingdom to trigger exit process

European Union 'ready' for United Kingdom to trigger exit process

British Prime Minister Theresa May will invoke the Article 50 of the Lisbon Treaty next Wednesday, March 29, thus formally beginning the process of exiting the European Union and paving the way for talks on trade and future relations, which should conclude in two years.

The move will start the clock ticking on a two-year countdown to Brexit and allow negotiations to start between London and Brussels in the coming weeks.

The committee's chairman, Sir Bill Cash, summed up the mood among many Brexit-backing Tories when he said: "We really don't owe anything to the European Union".

The European Commission says it has been informed in advance of Britain's plans to trigger its exit from the EU on March 29 and stands ready to help launch the negotiations.

2018 - May wants to negotiate a comprehensive free trade deal.

While the United Kingdom economy and financial markets have survived the period since the Brexit vote better than expected, the actual start of negotiations and the highlighting in the months ahead of the many hard issues to be sorted out are likely to challenge economic and market sentiment.

Tusk reiterated on Monday that he would send governments a draft of Brexit negotiating guidelines within 48 hours of May's letter, which will set out Britain's demands for the talks.

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EU Commission president Jean Claude Juncker is expected to be in Malta on that day and will meet Prime Minister Joseph Muscat.

Britain voted 52 percent to 48 percent to leave the European Union in a referendum on June 23.

The Scotland head of state is demanding a second referendum on Scottish independence before the terms of Brexit are signed.

Basically, it gives the United Kingdom two years to negotiate a "withdrawal agreement" with the 27 remaining member states of the EU.

The Institute for Government said in a report titled "Legislating Brexit" that the extra 15 measures would cover areas including immigration, agriculture and customs.

Of those, a tenth said they planned to relocate all their capacity away from Britain, while 31 percent said they would remove a large amount. The decision triggered the near-immediate resignation of the country's former Prime Minister, David Cameron, and.

After he resigned, Sir Ivan warned that Whitehall departments were not engaging properly with the European Union on day-to-day business because Brexit was a distraction.

European leaders have also been clear that Britain cannot get a better deal outside the EU than it had inside, amid fears that Brexit could cause other nations to leave the bloc.



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