UK PM May to Publish ‘White Paper’ Setting Out Brexit Plan

Prime Minister Theresa May said on Wednesday she would publish her plan for Britain’s exit from the European Union in a formal ‘White Paper’ to allow parliament to scrutinize it.

Last week, May said Britain would quit the EU’s single market when it leaves the union, charting a course for a clean break with the world’s largest trading bloc.

A court ruled on Tuesday that the government must seek parliamentary approval before triggering the legal process of exiting the bloc.

Following her speech and the court ruling, many lawmakers, including some from her own party, said they wanted to see the plans set out in a formal ‘White Paper’ to facilitate greater scrutiny before a parliamentary vote on triggering .

White papers are policy documents produced by the government that set out their proposals for future legislation.

The government had responded to those calls by saying it believed the publication of a white paper was not necessary.

But, on Wednesday, May changed her position.

“I set out that bold plan for a global Britain last week and I recognize there is an appetite in this house to see that plan set out in a white paper,” May told parliament. “I can confirm to the house that our plan will be set out in a white paper.”

The Institute for Government, a think tank, said there were no rules about what must be included in a white paper, and that any such document could simply repeat the contents of May’s speech.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell