May to trigger Article 50 on 29 March

Pre-announcement to warn markets

Daniel Flynn
clock • 1 min read

UK Prime Minister Theresa May will formally invoke Article 50 on Wednesday 29 March, beginning the process of the UK's departure from the European Union following last June's referendum.

The move comes nine months after the UK voted 51.9% against 48.1% to leave the EU, and begins a two-year process of negotiations. Under Article 50, talks around the UK's departure cannot begin until the country has formally alerted the EU to its departure. According to the Financial Times, the UK's EU ambassador Tim Barrow informed the office of the EU Council president on Monday morning that the formal notification would be delivered on 29 March. However, Downing Street reportedly declined to comment on whether the letter would contain any details of negotiations, although May is exp...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

UK ups defence spending to 2.6% of GDP by 2027 as billions pledged

Chancellor delivered Spending Review

Sorin Dojan
clock 11 June 2025 • 4 min read
Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Chancellor to pledge billions to 'invest in Britain's renewal' in Spending Review

Rachel Reeves to unveil Spending Review later today

Linus Uhlig
clock 11 June 2025 • 1 min read
Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read