The UK has triggered Article 50 of the Treaty of Lisbon, thereby signaling its intention to leave the European Union.
According to the rules set out by Article 50, any country which wishes to withdraw from the bloc has to do so two years after the official notification. Therefore, the United Kingdom has signaled that it will leave the European Union on March 29, 2019.
The UK's budget deficit shrunk to its nine-year lowest, with corporate earnings having surpassed their pre-crisis highs, and both tax revenues and governmental spending having increased to their all-time highs.
The United Kingdom and Europe should first agree on a post-Brexit trade arrangement before the European Free Trade Association (EFTA) considers possible UK membership to give the country access to the EU single market, Norwegian Minister of Trade and Industry Monica Maland told Sputnik on Thursday.
The snap general elections in the United Kingdom is more likely to delay Brexit negotiations with the European Union than to ensure stability in the country, a member of the UK parliament's Committee on Exiting the European Union from the Labour Party, Stephen Timms, told Sputnik.
UK Prime Minister Theresa May called a snap election to have a more solid footing and a bigger mandate to hold Brexit talks with Brussels, a member of the UK parliament's Committee on Exiting the European Union from Northern Ireland's Democratic Unionist Party (DUP) Sammy Wilson told Sputnik.
Surprisingly for many, but during Brexit the United Kingdom has in fact strengthened its position in the 2017 A.T. Kearney Foreign Direct Investment Confidence Index.
The European Union is considering the possibility of the United Kingdom’s joining the European Free Trade Association (EFTA) as an option for the transition period in EU-UK relations after triggering Brexit procedures by the British government, media reported on Saturday.
The UK government should plan for and provide a comprehensive economic impact assessment of the possibility of the United Kingdom leaving the European Union with no deal in place, Chair of the Exiting the European Union Committee Hilary Benn said on Tuesday.
Ireland is likely to follow the United Kingdom out of the European Union, as maintaining ties with London is more important to Dublin than remaining an EU member state, member of the UK Independence Party (UKIP) Richard Wood told Sputnik.
The UK's departure from the EU seems to have whetted EU skeptics' appetite. A group of politicians, representing all five Nordic nations, have written an opinion peace stating it was high time for Scandinavia to "unhook" itself from the pan-European structure that is "singing its swansong."
Negotiations on the United Kingdom's withdrawal from the European Union will prove complicated and "confrontational" as the 27 remaining members enter into exit talks with London, European Council President Donald Tusk said Friday.
The United Kingdom should not expect preferential treatment following its departure from the European Union, but the country will be given the opportunity to negotiate a new stable relationship with the bloc, Guy Verhofstadt, the European Parliament’s Brexit negotiator, said on Thursday.
The United Kingdom's departure from the European Union has left a considerable gap in the EU budget, which is unlikely to be plugged in full. Denmark, like neighboring Sweden, has declined the perspective of paying higher membership fees to make up for the UK's departure.
French Foreign Minister Jean-Marc Ayrault said Wednesday the UK’s formal letter triggering Brexit process ended a long record of no departures from the European Union.
European Parliament President Antonio Tajani is holding a press conference after the UK has triggered Article 50 earlier in the day.
German Foreign Minister Sigmar Gabriel said Wednesday he was relieved to see an end to months of uncertainty after London’s formal announcement it was quitting the European Union.
The remaining 27 members of the European Union are united in conducting two-year exit talks with the United Kingdom, European Council President Donald Tusk said after receiving Brexit notification from London Wednesday.
European Parliament President Antonio Tajani responded to the formal notification by the UK on the withdrawal from the European Union by writing on Twitter that the EU is ready for Brexit and hopes for close partnership with the UK.
Now that UK Prime Minister Theresa May has triggered Article 50 by formally writing to EU Council President Donald Tusk officially informing him of Britain's desire to leave the EU, a battle of personalities begins in Brussels, with a variety of agendas being played out.
UK Permanent Representative to the European Union Tim Barrow gave on Wednesday to European Council President Donald Tusk a letter of official notification of the United Kingdom’s withdrawal from the bloc, signed by UK Prime Minister Theresa May.
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