Theresa Starts Off Brexit

UK Prime Minister Theresa May announced on Sunday that she will formally request the start of negotiations for exiting the European Union by late March of next year, confirming again that the island nation will indeed proceed with a so-called “Brexit” despite some pending domestic legal challenges.

In a speech to the Conservative Conference, May also gave a broad outline of what the UK will be seeking as part of its exit package when it triggers “Article 50,” the provision in the Treaty of Lisbon which allows for an existing EU member to negotiate their way out of the bloc.

The news comes as leaders from the remaining “EU 27” begin work on charting their own path as a group, without the UK – a process that is due for completion in March, the same month that May has set as a deadline for submitting the Article 50 notification.

Under the Treaty of Lisbon, any EU member who wishes to exit the bloc must formally notify the European Council of its intent to do so. This then starts a two-year window for negotiations between that country and the rest of the European Union, represented by the Council. A final agreement will require a “qualified majority” on the Council side, as well as the signoff from the European Parliament.

Should a deal not be reached within two years, the UK will be forced to leave the EU, unless all parties agree to extend the negotiations.

No Parliament Sanction on this

She also attempted to counter the suggestion that both the House of Lords and the House of Commons would need to agree on triggering Article 50 – as some critics have suggested.

“When it legislated to establish the referendum, Parliament put the decision to leave or remain inside the EU in the hands of the people. And the people gave their answer with emphatic clarity,” she said, pledging to fight against domestic legal challenges on the subject.

The UK premier also said that while the government will consult with “devolved administrations” in Northern Ireland, Scotland, and Wales, it will ultimately be up to the UK government itself to conduct the negotiations.

Scotland and Northern Ireland had voted in favour to stay in the EU, and a legal challenge is underway in the latter to determine whether a parliamentary vote is needed to proceed with “Brexit.”

The International Monetary Fund (IMF) said this week that investor confidence has taken a hit in the wake of the UK referendum, with the Washington-based institution predicting that the UK will see growth slow from 2.2 percent in 2015 to 1.8 percent in 2016 and 1.7 percent in 2017.

She also ruled out using a so-called “Norway” or “Switzerland” model in establishing a new UK-EU relationship, as some experts have suggested. May said instead that London will pursue its own approach, suitable to its own needs.

An ideal arrangement, she said, would be one featuring free trade and goods and services. “I want [the deal] to give British companies the maximum freedom to trade with and operate in the single market – and let European businesses do the same here.”

However, she pledged that the UK would not yield control of immigration in the process, nor would it subject itself to the jurisdiction of the European Court of Justice.

“As ever with international talks, it will be a negotiation… But make no mistake: this is going to be a deal that works for Britain,” she said.

From EU to British law

One of the many questions prompted by the “Brexit” vote has been how the UK will extricate itself from the vast body of EU laws and regulations that has been developed over the last several decades.

May sought to clarify how this process would work during her speech on Sunday, confirming that the repeal of the European Communities Act would also include language that would convert existing EU law into British law.

Indeed, while the UK relationship with the EU single market has been one of the dominant questions in the overall “Brexit” debate, how the UK will navigate its relationship with the WTO as well as with those countries who have existing or planned trade deals with the European Union will also be key issues going forward.