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What the U.K. parliament needs to do to change the Brexit date from March 29

From bnnbloomberg.ca

Theresa May returned from the Brussels summit after securing a delay to Brexit of at least two weeks. But the default position in U.K. law remains for Britain to leave the European Union next Friday. So here’s what needs to happen to change the date: The Law... Britain’s departure is enshrined in the European Union (Withdrawal) Act passed earlier this year. It determines “Exit Day” as March 29, 2019 at 11 p.m. That’s midnight in Brussels and two years to the day since Britain signaled in a formal letter its intention to pull out of the bloc. ...And How To Change It. The same act states that a minister may “by ... (full story)

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  • Category: Fundamental Analysis