Tags: brexit | delay | britian | european union

Brexit Delay Reports Suggest Britain Won't Leave EU Until 2019

Image: Brexit Delay Reports Suggest Britain Won't Leave EU Until 2019

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By    |   Tuesday, 16 Aug 2016 02:06 PM

Talk of a Brexit Delay is heating up in Britain, a possibility that could leave it in the European Union until 2019.

According to The Sunday Times, New British Prime Minister Theresa May is not expected to enact Article 50 until January, beginning what is expected to be a two-year process of negotiations leading to its departure from the EU.

The Sunday Times reported that ministers have been privately telling City of London officials about the delay and that May's Brexit and international trade departments may not be ready sooner than that.

Additionally, upcoming elections in France and Germany could further delay Brexit. Waiting for those elections could produce new heads in those countries who would "be more amenable to Britain's wishes," Forbes magazine wrote.

The BBC News wrote that there has even been press reports Article 50 might not even be triggered in 2017, something that May's administration has been mum on.

May, who is currently vacationing in Switzerland, said Brexit may not happen until next year, noted the BBC News. Brexit Secretary David Davis predicted the Article 50 trigger will take place "before or by the start of next year," wrote the BBC News.

The responsibility of executing Brexit, passed in a June 23 referendum vote, falls on the shoulders of three departments. They include the Foreign Office, headed by former London Mayor Boris Johnson; International Trade, led by Liam Fox; and Secretary of State.

Marcel Michelson, a Forbes contributor based in Paris, wrote that an intentional delay in the executing of Brexit could be harmful to Europe as a whole.

"If there were an ounce of truth in the suggestion that the effective Brexit would be delayed, it would be bad for Britain and bad for the European Union," Michelson wrote for Forbes. "Bad for Britain because the small majority of people that voted to leave the European Union expects May to deliver on her promise that 'Brexit means Brexit,' without a rephrasing into, 'A Brexit result in the referendum means an effective Brexit as soon as legally and commercially opportune and perhaps this could take a very long time.'"

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Talk of a Brexit Delay is heating up in Britain, a possibility that could leave it in the European Union until 2019.
brexit, delay, britian, european union
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2016-06-16
Tuesday, 16 Aug 2016 02:06 PM
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