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British PM May triggers Art 50, says “no turning back”

Published 29/03/2017, 13:08
Updated 29/03/2017, 13:10
© Reuters.  British PM May triggers Art 50, says “no turning back”

© Reuters. British PM May triggers Art 50, says “no turning back”

Investing.com - British Prime Minister Theresa May on Wednesday confirmed that Article 50 of the Lisbon Treaty has been triggered, formally beginning the two year process of the UK’s withdrawal from the European Union.

Sir Tim Barrow, Britain’s most senior envoy to Brussels delivered official notice to the European council president, Donald Tusk of the UK’s intention to exit the EU, May said.

“In accordance with the wishes of the people, the United Kingdom is leaving the European Union. This is a historic moment from which there can be no turning back,” the prime minister said.

Speaking in the House of Commons, May said leaving the EU presents the UK with a unique opportunity.

She said she wants the UK to be a country that reaches beyond the borders of Europe, adding that she wants a “new, special and deep partnership with the European Union”.

The prime minister confirmed that the rights of EU nationals will be an early priority in the exit negotiations.

She also said that Britain cannot try to cherry pick in Brexit talks and stay in the single market without accepting free movement.

May said she wants to continue to trade with the EU. When protectionist instincts are on the rise, Europe has a responsibility to stand up for free trade, she said.

The prime minister also said she wants to deliver a smooth and orderly Brexit, adding that it is in the interests of both the UK and the EU that there is as little disruption as possible.

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