United Kingdom to trigger Brexit on March 29

Cornelia Mascio
Marzo 21, 2017

Cherry said, "Smaller businesses want to make sure that easy access to the European Union single market and the right talent feature prominently in the forthcoming negotiations".

Mr Tusk has previously said he expects to call an extraordinary summit of the 27 other members within four to six weeks, to draw up a mandate for the European Commission's chief negotiator, Michel Barnier.

British PM Theresa May with Taoiseach Enda Kenny.

Some parts of the European Union have been concerned Article 50 would overshadow a meeting of the 27 leaders in Italy on March 25 to celebrate 60 years since the Treaty of Rome, but "it's of absolutely no importance whether the submission comes a day beforehand, three days later or a week later" than that, Merkel told reporters in Hanover, Germany.

"Everything is ready on this side", commission spokesman Margaritis Schinas said. It stipulates that the two sides now have until March 2019 to agree on a divorce settlement and - if possible - establish a new relationship between Britain, the world's No 5 economy, and the European Union, a vast single market containing 500 million people. Even Davis is readying for what "may be the most complicated negotiation of all time".

May has said she wants to leave the European single market in order to be able to control immigration.

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.

"An interim deal is what many people involved in the Brexit preparatory talks have been suggested, and not just for trade".

It's a high-wire act for May. Among the issues of interest here will be any reference to the negotiations on how much Britain will have to pay to exit the EU. Having already faced pushback, first from the Supreme Court and then from parliamentarians, she leads a Conservative Party split between lawmakers who want a clean, swift break and those who worry she risks hurting the economy.

May's preparations for Brexit were wrong-footed last week when Scottish First Minister Nicola Sturgeon announced plans to hold a new independence referendum in order to maintain its ties with the EU. A worst case would see the talks break down prematurely.

The IFG said such an emphasis on legislation related to legal European Union withdrawal means the Government's domestic agenda will take a hit.

May's team has questioned the size of the bill and how much legal obligation Britain is under to pay it. As a result, United Kingdom officials have already approached the World Trade Organization to see what they can do in case they cannot reach a deal within the two-year deadline. "Now they actually have to negotiate with 27 other governments and parliaments-it's going to be incredibly complex".

The article states that any interim agreement should include a schedule for a new free-trade area "within a reasonable length of time" - but it doesn't determine what is reasonable.

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