UK Publishes Great Repeal Bill

Britain published legislation on Thursday to sever political, financial and legal ties with the European Union, an important step towards Brexit but one which the opposition said it would challenge.

The repeal bill is central to the government’s plan to exit the EU in 2019, disentangling Britain from more than 40 years of EU lawmaking on everything from finance to fisheries and repealing the treaty that first made Britain a member in 1972.

Its passage through parliament could make or break Theresa May’s future as prime minister. The election she called last month cost her an outright parliamentary majority and reopened the debate on the nature of Brexit, with Britain’s public spending watchdog now saying the government is not well prepared.

Reuters

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Craig Erlam

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 BNN. 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.
Craig Erlam