England’s High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, a major upset for Prime Minister Theresa May’s plans for Brexit. Sterling rose on the news, with many investors taking the view that lawmakers would temper the government’s policies and make an economically … Read more
British Prime Minister Theresa May will inform European Union leaders on her thinking about Britain’s exit from the bloc at a summit later this week and Germany hopes she will set out a Brexit vision, a senior German government official said. The official added that the other 27 members of the EU agreed there could … Read more
The pound has plunged in Asian trade, hitting a new 31-year low against the US dollar as traders speculate about a possible trigger. It fell more than 6% at one point to $1.1841 before recovering to $1.23, still 1.5% down from late US levels. Analysts say an algorithm reacting to a news report was the … Read more
Brexit: PM to trigger Article 50 by end of March Theresa May will formally begin the Brexit process by the end of March 2017, she has told the BBC. The PM’s announcement on triggering Article 50 of the Lisbon Treaty – which begins the formal negotiation process – means the UK looks set to leave … Read more
UK Prime Minister Theresa May is likely to trigger the formal process of leaving the European Union early next year, according to a top EU official. European Council President Donald Tusk said Mrs May had told him the UK could be ready to begin talks by February. The BBC’s Tom Bateman says this is the … Read more
Substantive Brexit talks between the UK and the rest of the EU are unlikely to start much before the end of 2017, a former European Council president says. Speaking to the BBC, Herman Van Rompuy described the UK’s decision to leave the EU as a “political amputation”. He said negotiations were unlikely until a new … Read more
Theresa May is meeting European Council President Donald Tusk for the first time since becoming UK prime minister later, with Brexit on the agenda. In talks at Downing Street, Mrs May will say the UK will continue to play a full role in the EU until it leaves. It comes as EU leaders, excluding the … Read more
The UK is to begin preliminary talks with Australia about the outline of a future free trade deal between them. Officials will meet twice a year to discuss the parameters of what both sides said they hoped would be an “ambitious and comprehensive” deal. Australia has been earmarked by the UK as its first post-Brexit … Read more
Theresa May is to chair a meeting of her cabinet at Chequers to discuss the UK’s approach to leaving the EU and its objectives in future negotiations. The prime minister and senior ministers are gathering to debate the way forward amid reports of tensions and diverging priorities among key figures. Those present will include David … Read more