Brexit Article 50

Prime Minister Theresa May has announced that she will trigger Article 50 on Wednesday 26th March, beginning the UK’s process of leaving the European Union.

Once the Article is triggered, negotiations can begin between the UK and other member states to determine the relationship post-Brexit. The negotiations will last two years, before Britain formally exits the European Union.

Negotiations will begin nine months after the British people voted 51.9 percent to 48.1 percent to leave the European Union in a referendum.

Parliament gave their approval for May to trigger the Article two weeks ago, when peers and MPs passed unamended a bill giving the her authority to begin the process.

Brexit secretary David Davis confirmed that Article 50 would be triggered on 29th March, calling the process “the most important negotiation for this country in a generation”.

“The government is clear in its aims: a deal that works for every nation and region of the UK and indeed for all of Europe – a new, positive partnership between the UK and our friends and allies in the European Union.”

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Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.