Businesses Prepare Legal Challenge over Brexit Negotiations

July 4, 2016 Share Print 0

group of businesses is preparing a legal challenge to prevent the government from beginning Brexit negotiations without an act of parliament.

The action, brought by law firm Mishcon de Reya, would potentially complicate Britain’s path to leaving the EU, given that a majority of MPs were in favour of remaining and many have continued to speak in favour of maintaining access to the single market.

Candidates in the Conservative leadership election have so far treated the start of negotiations as within the next prime minister’s discretion.

CNBC

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.