May to trigger Article 50 on 29 March

Pre-announcement to warn markets

Daniel Flynn
clock • 1 min read

UK Prime Minister Theresa May will formally invoke Article 50 on Wednesday 29 March, beginning the process of the UK's departure from the European Union following last June's referendum.

The move comes nine months after the UK voted 51.9% against 48.1% to leave the EU, and begins a two-year process of negotiations. Under Article 50, talks around the UK's departure cannot begin until the country has formally alerted the EU to its departure. According to the Financial Times, the UK's EU ambassador Tim Barrow informed the office of the EU Council president on Monday morning that the formal notification would be delivered on 29 March. However, Downing Street reportedly declined to comment on whether the letter would contain any details of negotiations, although May is exp...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read
Trump, tariffs and why UK companies can still appeal

Trump, tariffs and why UK companies can still appeal

Is a trade war inevitable?

Sheldon MacDonald
clock 11 December 2024 • 4 min read