United Kingdom to launch Brexit process on March 29

United Kingdom to launch Brexit process on March 29

Nine months after the stunning referendum vote for Brexit, Prime Minister Theresa May's government will finally trigger Article 50 of the EU's Lisbon Treaty next week, starting a two-year departure.

Sterling fell half a cent against the dollar on what Brexit minister David Davis described as a move taking Britain to "the threshold of the most important negotiation for this country for a generation".

The split came as Sir Tim gave an update verdict on the prospects for Britain agreeing a framework for future trade with the European Union within the two years of the Article 50 negotiations, to start next month.

While May says "no deal for Britain is better than a bad deal for Britain", quitting the bloc without a pact or more time to negotiate one would leave the country exposed to World Trade Organisation tariffs, putting duties of around 10 per cent on auto exports alone.

The Article 50 process clearly stated that the European Union should take account of its "future framework" with the United Kingdom, as well as agree the exit deal.

Negotiations should start "promptly" after the notification, the PM's spokesman said, but acknowledged that it was "obviously right that the EU27 have time to agree their position".

"The phoney period is almost over, and the real work of negotiations are about to begin", McFadden said.

The letter May sends next week will plunge Britain into a period of intense uncertainty.

The UK expects to receive a response to Barrow's notification from the EU Council within 48 hours, he added.

As per May's Ocotber speech on the subject, the letter formally submitting parliament's intention to start the Brexit process was expected to reach the European Union by the end of March. By contrast, officials in Brussels were concerned the United Kingdom would sidestep the clause - a principal reason for the EU's uncompromising mantra of "no negotiation without notification".

The BBC's Ben Wright said he expected the Article 50 letter to be short, possibly extending to two pages at most, and for Mrs May to use it to publicly reiterate her general objectives - such as leaving the single market but reaching a mutually beneficial agreement on trade and other issues.

He will also summon the leaders of the countries for a summit to endorse the final guidelines, expected in early May.

"The UK will no longer exist for example and we've said under those circumstances Wales should be able to determine what happens to us", said Ms Wood, whose party holds ten out of the 60 seats in the Welsh Assembly and has three MPs.

These are among the findings of an 18-page report released on Monday by the Institute of Government that examined what it called the "huge burden" Brexit will place on lawmakers and government departments to pull off the biggest peacetime challenge the country has faced.

Meanwhile, Britain's Institute for Government has said as many as 15 new Parliamentary Bills may be needed due to Brexit.

"It will be a challenge for both the government and Parliament to do all this while still ensuring full scrutiny and leaving room for the government's domestic policy agenda".