COUNTDOWN TO A BREXIT DIVORCE
MARCH 29, 2017
British Prime Minister Theresa May, right, triggers Article 50 of the Lisbon Treaty, informing the European Union of the United Kingdom’s intention to leave the 28-nation bloc.
MARCHAPRIL
The 27 other members of the EU draw up guidelines — described as a broad-brush response — on how to handle talks.
APRIL 29
The date of a summit of the so-called EU-27, at which guidelines on talks and “red lines” that cannot be compromised are endorsed. The talks would be led by the EU’s chief negotiator, Michel Barnier, left.
MAY
In London, the Great Repeal Bill will revoke the European Communities Act, which incorporates some 80,000 EU regulations into British law “wherever practical” and ends jurisdiction of the European Court of Justice.
MAY-SEPTEMBER
The European Commission develops a negotiating mandate, which must then be approved by the EU-27 before negotiations with the U.K. can begin. It could take as long as six months for the EU to decide its opening position.
DECEMBER
Barnier wants divorce-first negotiations, delaying talks on any trade deal until Britain agrees to: pay a 60 billion Euro exit bill; protect the rights of 3.3 million EU nationals living in the U.K.; settle border issues in Northern Ireland and status of Gibraltar.
MARCH 2018
London’s preferred deadline for agreeing to a transition deal. The longer Britain waits, the higher the risk that businesses will move investment away from the U.K.
OCTOBER 2018
Barnier’s deadline to agree to a transition deal. This gives five months for ratification by EU member states, European Council and European Parliament.
MARCH 2019
Ratification of the transition deal. U.K. parliament also votes on the deal.
MARCH 29, 2019
Britain leaves the European Union.