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...

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