Many More Brexit Bills Need to Pass Through Parliament

Even before the U.K. leaves the European Union, its Parliament may need to pass as many as 15 new bills and thousands of pages of “secondary legislation” covering immigration, trade and agriculture to name but a few.

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.

“The legislation required for Brexit will leave little parliamentary time for anything else — and making a success of it will require a large volume of bills and secondary legislation to be passed by Parliament against a hard deadline,” Hannah White, IFG’s director of research, said in a release.

Bloomberg

Speeches Eyed as Central Banks Turn More Hawkish

DAX – Steady Despite Soft German Inflation Report

Image

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.