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United Kingdom to Trigger Brexit on March 29, May's Spokesman Says

20 March 2017, 06:17 | Terri Saunders

United Kingdom to Trigger Brexit on March 29, May's Spokesman Says

United Kingdom to Trigger Brexit on March 29, May's Spokesman Says

Prime Minister Theresa May is to officially notify the European Union next Wednesday that the United Kingdom is leaving.

It is reported that this morning March 20, 2017 Sir Tim Barrow, U.K. Permanent Representative to the EU has notified the Office of EU Council President, Donald Tusk to give notice of this date.

The announcement came shortly after Commission president Jean-Claude Juncker warned that Britain may have to abandon its hopes of a trade deal if it rejects the terms offered by the European Union - which are widely expected to include a "divorce bill" of as much as £50 billion.

A spokesman for Mrs May said the trip to Swansea was part of an "ongoing engagement" with the nations, and that she will be "listening to people from right across the nation as we prepare to leave the EU".

The prime minister will meet First Minister of Wales Carwyn Jones, as well as local businesses, as she tries to show she is including all areas of Britain in negotiations with the EU.

In response to Davis, European Council President Donald Tusk tweeted he would "present the draft #Brexit guidelines to the EU27 Member States" within 48 hours of receiving May's formal letter.

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It states that any exit deal must be approved by a "qualified majority" (72% of the remaining 27 European Union states) and must also get the backing of MEPs.

The European Commission, whose chief negotiator Michel Barnier will spearhead the talks with London on behalf of the other 27 member states, said it was ready for the Brexit process.

"Sterling handed back its gains and turned negative for the day as the market reacted to the announcement - despite the fact it's a known quantity we have to assume that the stark reality of exiting the European Union is hitting home", said Neil Wilson, analyst at ETX Capital.

The PM is due to address MPs in a statement to the House of Commons following her regular weekly session of Prime Minister's Questions on 29 March.

The period can only be made longer by way of a unanimous vote of all European countries' governments.

"So, that takes a big chunk out of the government's capacity to legislate". "We said it would be by the end of March and thought it would be helpful to say when it will happen".

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