May Reassures EU That High Court Ruling Won’t Derail Brexit

Prime Minister Theresa May will tell European Union officials on Friday that a court ruling requiring a parliamentary vote will not derail her timetable for Britain to leave the bloc.

May’s aides say she will appeal the decision by the High Court, which said that the government must get parliamentary approval to trigger Article 50, the formal divorce announcement. They also say she will stick to her timetable to do it by the end of March.

Parliament is unlikely to defy the referendum vote by blocking Brexit, but if – as one aide said was the logical conclusion of the High Court ruling – she is forced to draft legislation for both houses to consider, her March deadline looks tight, several lawmakers said.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.