Brexit History, News and Timeline
- The European Union (EU) and the United Kingdom (UK) appear no closer to a deal.
- Both sides will lose out if no future trade agreement is agreed.
- UK asset markets diverge.
- Important dates in the months ahead.
We run a weekly UK Key Events and Market Webinar every Monday at 11:30 BST[1] where we discuss the latest Brexit news and events.
Brexit – A Brief History
On June 23, 2016 the UK held a referendum on its membership of the EU, asking the electorate if they wanted to remain a member of the EU or not. The result of the referendum showed voters chose to leave by a majority of 51.9% to 48.1% or 17.4 million votes against 16.1 million votes. The incumbent Prime Minister David Cameron resigned shortly after the result and Theresa May replaced him on July 13.
UK PM Theresa May triggered Article 50 of the Lisbon Treaty on March 29, 2017, officially starting the process of the UK leaving the EU. The UK is scheduled to leave the EU on Friday, March 29, 2019. Both sides have also agreed to a 20-month transition period – between March 29, 2019 and December 2020 – to allow businesses to prepare for new post-Brexit rules and relationships. No other nation state has ever left the European Union.
Brexit – EU and UK Negotiating Positions
On January 17, 2017 PM May set out 12 principles for the United Kingdom’s exit from, and new partnership with, the European Union - The White Paper[2]. These principles include taking control of law, controlling immigration, securing UK and EU nationals’
