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Global mayhem looms as British prime minister to finally trigger Brexit on March 29

by 20/03/2017 11:42:00 0 comments 1 Views

- UK Prime Minister Theresa May will officially notify the European Union, of the country's decision to leave Wednesday, March 29

- The prime minister will trigger article 50, the formal mechanism for starting negotiations for Britain to leave the EU

- The formal procedure for leaving, will open a two-year timetable for difficult negotiations, meaning Britain could be out of the EU by 2019

UK to formally trigger Brexit on March 29

United Kingdom's Prime Minister Theresa May will officially notify the European Union (EU) of the contry's decision to leave Wednesday, March 29.

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More than 40 years after the U.K. joined the EU and nine months since it voted to quit it, UK’s permanent representative to the EU, Tim Barrow, informed the EU President Donald Tusk on of her plan to invoke Article 50 of the Lisbon Treaty, the mechanism for quitting that has never been used, Bloomberg reports.

Triggering Article 50 of the EU’s Lisbon Treaty, the formal procedure for leaving the bloc, will open a two-year timetable for difficult negotiations, meaning Britain could be out of the EU by 2019.

The spokesman said May would notify Tusk in writing and then give a speech to the British parliament.

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.

Britain on Thursday, June 23, 2016 voted in referendum by a 52 % majority to leave the EU the first member state ever to do so.

READ ALSO: Global mayhem looms as Britain votes to leave EU

Majority of British voters (51.7%) followed the call of Pro-Leave campaigners who described the vote as an independence from the European Union oppression and bureaucracy that has resulted in mass migration into the island country.

While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed the Remain camp.

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