United Kingdom plans to formally trigger Brexit on March 29

Cheryl Sanders
March 20, 2017

The PM's official spokesman said: "Earlier this morning, the UK Permanent Representative to the European Union informed the office of Donald Tusk that it is the UK's intention to trigger Article 50 on March 29".

Sterling has lost almost a fifth of its value against the dollar, and around 13 percent against the euro, since last June's shock Brexit vote, pressured by uncertainty over the terms of Britain's exit deal from the European Union, along with a stream of data suggesting the United Kingdom economy may be headed for a slowdown.

Prime Minister Theresa May has stated she intends to trigger the Article 50 process, which begins two years of withdrawal negotiations by the end of this month.

U.K. Brexit Secretary David Davis has said "the first meeting, bluntly, will be about how we do this?"

Commission spokesman Margaritis Schinas said Monday that "we have been informed in advance".

Tusk has said that that once European Union officials get Britain's notification, they will respond within 48 hours, offering draft negotiating guidelines for the 27 remaining member states to consider. While others assume that Brexit will set a precedent for other European countries to break away from the EU, Juncker strongly disagrees that this will happen.

The European Commission is expected to provide an initial answer to Britain's Article 50 notification within 48 hours but negotiations are not expected to start for several weeks or even months.

THERESA May is set to trigger Article 50 next Wednesday which will fire the starting gun on two years of Brexit talks.

May has already announced that she will make a statement to the House of Commons shortly after invoking Article 50 of the Lisbon Treaty.

Explaining Mrs May's preference for no deal over a bad deal, Mr Davis said: "The Prime Minister said, in terms, no deal is better than a bad deal".

September 18, 2014: Scottish voters decide in a referendum to remain part of the United Kingdom rather than become an independent country. May received permission from the Parliament Houses last week to begin the negotiations. He said he favoured an European Union working at two different speeds. The spokesman said the United Kingdom government remained "confident" that the process could be concluded within the two-year timeframe, meaning that the United Kingdom would formally leave the European Union by the end of March 2019 - ending 46 years of membership.

The bill to be introduced later this year will serve the dual goal of repealing the European Communities Act and incorporate more than four decades of EU law into British law.

The date means Mrs May will have met her conference pledge to trigger Brexit by the end of March by just two days.

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.

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