Court rules Par­lia­ment must vote on Brexit

The Sun (Malaysia) - - SUNBIZ -

LON­DON: The Bri­tish gov­ern­ment still plans to trig­ger for­mal di­vorce talks with the Euro­pean Union (EU) by the end of March and does not be­lieve a court rul­ing de­mand­ing par­lia­men­tary ap­proval will de­rail that, Prime Min­is­ter Theresa May’s spokes­woman said.

The High Court ruled yes­ter­day that the Bri­tish gov­ern­ment re­quires par­lia­men­tary ap­proval to trig­ger Ar­ti­cle 50 of the EU’s Lis­bon Treaty which starts up to two years of talks for Bri­tain’s exit from the bloc.

“Our plan re­mains to in­voke Ar­ti­cle 50 by the end of March, we be­lieve the le­gal timetable should al­low for that,” the spokes­woman told re­porters. “We have no in­ten­tion of let­ting this de­rail our timetable.”

May has said she does not plan to trig­ger Ar­ti­cle 50 be­fore the end of this year to al­low the gov­ern­ment time to pre­pare its ne­go­ti­at­ing po­si­tion and the spokes­woman said that work would con­tinue de­spite the court rul­ing.

The Bri­tish gov­ern­ment said it will ap­peal the High Court de­ci­sion.

“The coun­try voted to leave the Euro­pean Union in a ref­er­en­dum ap­proved by Act of Par­lia­ment,” a gov­ern­ment spokesman said in a state­ment.

“The gov­ern­ment is de­ter­mined to re­spect the re­sult of the ref­er­en­dum. We will ap­peal this judg­ment.”

The High Court said it has granted the gov­ern­ment per­mis­sion to ap­peal against the rul­ing be­fore the Supreme Court, which has set aside Dec 5-8 to deal with the mat­ter.

A panel of three of the most se­nior judges in the coun­try ruled that the gov­ern­ment could not trig­ger Ar­ti­cle 50 of the EU’s Lis­bon Treaty with­out ap­proval from Par­lia­ment.

Ster­ling surged to a four-week high close of US$1.25 after the court rul­ing. Against the euro, ster­ling rose much as 1.9% to hit a four-week high of 88.595p.

Mean­while, the Bank of Eng­land raised its eco­nomic growth fore­cast for next year, as it froze its key in­ter­est rate at a record-low 0.25% and left stim­u­lus un­changed. It raised its pre­dic­tion for 2017 gross do­mes­tic prod­uct ex­pan­sion to 1.4% from 0.8% as early fears of a sharp slump due to the shock of the June Brexit vote failed to ma­te­ri­alise. – Reuters, AFP

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