Britain Soon to Launch EU Exit Procedure

Both houses of British parliament backed the “Brexit bill”

British Prime Minister, Theresa May, has won the right to launch divorce proceedings with the European Union and launch two-years of talks that will result in the UK formally leaving the European Union.

May, who was appointed Prime Minister following the resignation of David Cameron, after Britain voted to exit the EU in a referendum in June last year, has endured a long battle with both house of parliament that attempted to add conditions to legislation giving her right to launch the divorce.

With both the House of Commons and the House of Lords backing the so-called ‘Brexit bill’ and a formal approval from Queen Elizabeth II, May has the right to begin what could be Britain’s most complex negotiations since World War Two.

May announced that she will begin the formal process later this month, but did not specify the exact date.

“I will return to this house before the end of this month to notify when I have formally triggered Article 50 and begun the process through which the United Kingdom will leave the European Union,” she told parliament.

“This will be a defining moment for our whole country as we begin to forge a new relationship with Europe and a new role for ourselves in the world.”

However, May has not yet presented her government strategy in negotiations with the EU. The talks will largely be an uncharted territory for both Britain and the EU. The aftermath of the referendum caused significant divisions within the UK, with Scotland now petitioning for a new independence vote.

May faces a hard task of negotiating terms to keep ties with 27 members of the EU and satisfying the eurosceptics in the ranks of the ruling Conservative party.

While expressing the wish to win a free trade deal, maintain security cooperation, regain control over immigration and restore sovereignty over British laws, May’s government is preparing for the possibility of leaving the EU with no deal.

Britain remains the largest contributor to the common EU budget, with around 60 billion euros.

Source: Reuters