Sunday 19 March 2017

British Monarch signs royal assent to pave way for Brexit talks

Royal assent signed to exit the EU

At last the long awaited royal assent from Her Majesty the Queen signed after much speculations and about the date and time.

Accordingly, the way has now been paved for the PM to trigger Article 50 which is formal notification to the EU.

After a stormy passage by both Houses of Parliament, legal tussle, Britain will now officially begin the exit process few days from now to bring to an end the 40-year marriage with other EU member states.

Triggering Article 50 to leave the EU has been defined by the PM as a "defining moment" for the country but the negotiations that will take place with the EU over the next two years promise to be bitter and bloody.

Leaders on both sides be looking forward to strike a deal and shift grounds where necessary, though that would not be as easy as speculated by the British government.

From all indications the first point of disagreement could possibly be the huge exit bill the EU is asking the UK to pay before any serious negotiation could take place, which is pegged at 60 billion euro.

Nevertheless, negotiations between both parties may not take effect until sometime in June. Because the EU need to release an official response to the PM Article 50 notification, which will still take about 8 more weeks to put complete guidelines in place.

The other EU 27 member states will then need to officially issue a list of negotiating topics and red lines - the earliest they are expected to decide this is at an extraordinary summit in early May.

The bill's passing into law follows a difficult day for the Government on Wednesday in which ministers were accused of "driving towards a cliff-edge with a blindfold on".

Surprisingly, Brexit Secretary David Davis was forced to admit his department has not made an assessment of the economic implications of failure to secure an agreement with the rest of the EU.


His admission was despite the Prime Minister repeatedly saying she thinks no deal is better than a bad deal.

No comments:
Write comments