Many More Brexit Bills Need to Pass Through Parliament

Even before the U.K. leaves the European Union, its Parliament may need to pass as many as 15 new bills and thousands of pages of “secondary legislation” covering immigration, trade and agriculture to name but a few.

These are among the findings of an 18-page report released on Monday by the Institute of Government that examined what it called the “huge burden” Brexit will place on lawmakers and government departments to pull off the biggest peacetime challenge the country has faced.

“The legislation required for Brexit will leave little parliamentary time for anything else — and making a success of it will require a large volume of bills and secondary legislation to be passed by Parliament against a hard deadline,” Hannah White, IFG’s director of research, said in a release.

Bloomberg

Speeches Eyed as Central Banks Turn More Hawkish

DAX – Steady Despite Soft German Inflation Report

Image

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.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.