March 23, 2017

United Kingdom prime minister to trigger Brexit on March 29: spokesman

20 March 2017, 08:35 | Darnell Patrick

IBS Evidence Lab

UBS brexit relocations charts

The spokesman said the United Kingdom government remained "confident" that the process could be concluded within the two-year timeframe, meaning that the United Kingdom would formally leave the European Union by the end of March 2019 - ending 46 years of membership.

European Council President Donald Tusk said on Monday he would present the other 27 EU states with draft Brexit negotiating guidelines within 48 hours from the moment Britain formally triggers its exit from the bloc.

Following the disastrous (to some) vote brought forth by then-Prime Minister David Cameron previous year, British nationals opted to leave the European Union (EU). Britain had said it hoped the trade deal could be agreed, at least in outline, during the two-year period when the exit talks were being finalised.

February 20, 2016: Cameron announces that he has negotiated a deal with European Union leaders which will give Britain "special status".

Theresa May will fire the starting gun for Brexit on Wednesday next week, Downing Street officially revealed today.

Asked if that would mean Brexit happening by March 29 2019, the PM's spokesman said: "We have said we expect this to be a two-year process and we are confident that is what we will achieve".

We want negotiations to start promptly.

Intel senators: No proof Trump Tower surveilled
Nunes had said Wednesday that it was possible that Trump aides were surveilled via "incidental" collection. Trump was positively jaunty in defending his claims, in a Wednesday TV interview.

BRUSSELS BLOW: FBI director admits Vladimir Putin's Russia SUPPORTS Brexit
He also says the committee will investigate who has been leaking classified information about investigations into Russia's interference.

China's central bank chief plays confident, longer-term game on yuan stability
In the meantime, China sees no need in its policymaking to overreact to the large stockpile, Zhou said. He noted that it will be a medium-term effort to bring down China's high corporate debt levels.

The attitude of the SNP may also affect the passage of Brexit laws, it adds.

Prime Minister Theresa May has vowed for months that the country will trigger Article 50 by the end of March.

"She has chosen the hardest and most divisive form of Brexit, choosing to take us out of the Single Market before she has even tried to negotiate". Interestingly, the European Union also wants to get this done quickly.

"The attitude that the Scottish National Party (SNP) takes to the passage of Brexit-related legislation in Westminster could affect the smoothness with which that legislation passes through Parliament if they join forces with the Labour Party and Conservative rebels", the report says.

We assumed that there would be a deal on preserving the existing rights for EU living in Britain, and British citizens living in the EU and that Britain and the EU would continue to co-operate on security matters.

Priti Patel, the UK's global development secretary, said: "What this shows is that we are a government that is very focused".

Other News

Trending Now

FBI confirms investigation into possible Russian ties to Trump campaign
He said Congress and the Federal Bureau of Investigation should be going after media leaks and maybe even Hillary Clinton instead. Devin Nunes, R-Calif., reiterated his previous public statement that he has seen no evidence Trump Tower was wiretapped.

'Beauty and the Beast' blasts through box office records with $350m debut
First off, the old tale is kept but told in a brand new and more imaginative way that only Disney can do. Abroad, Beauty made $180 million in 44 markets, bringing it to a $350 million total on weekend No. 1.

Meals on Wheels' support soars after Trump eyes cuts
Meals on Wheels is a non-profit program that delivers food to millions of elderly, poor, and disabled Americans. Both Republican and Democratic legislators have promised to protect the Meals on Wheels program .

Paul Hollywood on the new Bake Off line-up
I'm at a different stage to Mary. "I just couldn't let go of that job because they're just great people", he continued. 'I did know about Prue but I didn't know about the others at all but its flawless , I'm really , really excited'.

Grey's Anatomy season 13 spoilers: Kevin McKidd on Owen's state of mind
For shippers of the Jackson-April romance, Sarah Drew notes that the former couple has so much love and respect for one another. Pompeo told the PaleyFest panel it was only the technical aspect of directing that concerned her.

Trump doesn't understand North Atlantic Treaty Organisation almost as well as he thinks he does
North Atlantic Treaty Organisation countries are asked to contribute 2 percent of their GDP to the alliance's defense spending. Germany in 2016 spent 1.18 percent of its GDP on defense, and is set to increase spending to 1.26 percent in 2018.

Article 50 will be triggered on March 29
It's also not clear what rights the estimated 3 million European Union citizens already working and living in Britain will retain. The EU leaders will later hold a summit in April or May to decide a final response.

Pep: Drawing With Liverpool Is One Of My Happiest Days
As lovely as this was to see, we can't help but admire the way the pair continue to express their difference in opinion. Like all matches, we create more chances but this is our problem, our problem is we don't score goals.

IBM gets collaborative for cloud, blockchain
NetApp's AltaVault cloud backup solutions will now automatically be able to send backups to IBM Cloud Object Storage on IBM Cloud. NetBackup 8.0 has scheduled availability of 2Q17.

Sensex down 129 points in early trade on profit booking
A total of 39 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE. The Dow and the S&P 500 slipped around 0.1 percent while the Nasdaq Composite ended little changed with a positive bias.