May Brexit Bill Unlikely to Face Much Change

Prime Minister Theresa May’s plan to leave the European Union is expected to survive weeks of intense parliamentary scrutiny, which started on Tuesday, despite pro-EU lawmakers’ attempts to force the government to rethink its strategy.

May’s government is seeking approval for a new law giving her the right to trigger Article 50 – the legal process for leaving the bloc – after the Supreme Court ruled last week that she could not take that decision unilaterally.

“This bill simply seeks to deliver the outcome of the referendum – a decision the people of the UK have already made. They will view any attempt to halt its progress dimly,” Brexit minister David Davis told lawmakers at the start of a two day debate on the bill – the first stage in the lawmaking process.

Reuters

Shock Rattle and Roll

Fed Expected to Hold as Trump Comments Sink Dollar

Manufacturers Raise Prices at Fastest Pace Since 2011

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.