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May Brexit Bill Unlikely to Face Much Change

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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

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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.
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