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Finance Business Service

Britain will wait until 2017 to take Brexit


Brexit in uk

Theresa May, a new British Prime Minister, said that her government would not launch negotiations on Brexit this year.

Theresa May made this announcement in condjunction with German Chancellor Angela Merkel in the middle of a press conference. Merkel said that it would need some time to conduct the UK's negotiate about its "successful withdrawal from the European Union (EU)," in conjunction "a sucsessful well thought-out work."

"We all need the time to be ready for the conversation and the Great Britain would not refer to the Article 50, until our objectives are not clear. That is why I have stated previosly that this will not occur before the end of this year. I realize that this timeline will like not all, but I think it is very important to ensure clarity to what is happening now, "she explained.

An article 50 of the Lisbon Treaty envisages a two-year process to negotiate the withdrawal of private traders, the country of the EU.

May also added that "we wish receive the right dealings in the trade of goods and services to the UK." Merkel told reporters that "in fact it is in our interests that the United Kingdom has determined its negotiating position in detail, made clear and could also clearly define how it sees the future relationship with the European Union."

She also clarified that until the Article 50 does not start and "will not even be started during or after the talks," Britain remains a member of the EU, "with its full rights and responsibilities."

Author: Olena Kutova

senior lawyer of the Finance Business Service company

Сергей Панов
managing partner
Finance Business Service