Brexit Bill Passes in Parliament

February 2, 2017 Share Print 0

Prime Minister Theresa May’s plan to take Britain out of the European Union easily cleared its first legislative hurdle on Wednesday, paving the way for the government to launch divorce talks by the end of March.

May’s government is seeking approval for a new law giving her the right to trigger Article 50 of the EU’s Lisbon Treaty – the legal process for leaving the bloc – after the Supreme Court ruled she could not take that decision unilaterally.

The bill could complete the legislative process by March 7.

Reuters

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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.