Brexit could be de­layed un­til late 2019

The Myanmar Times - - Business -

BRI­TAIN’S de­par­ture from the EU could be de­layed un­til late 2019 as civil ser­vants strug­gle with the task and French and Ger­man elec­tions may hold up the start of exit ne­go­ti­a­tions, a re­port said yes­ter­day.

Prime Min­is­ter Theresa May’s govern­ment has in­di­cated that it is plan­ning to trig­ger Ar­ti­cle 50 of the EU’s Lis­bon Treaty, which would start a two-year count­down to leav­ing the bloc, early in 2017.

But the Sun­day Times news­pa­per said min­is­ters had pri­vately warned se­nior fig­ures in the City of Lon­don fi­nan­cial sec­tor that this may not now hap­pen un­til later in the year, de­lay­ing Brexit un­til late 2019.

“Min­is­ters are now think­ing the trig­ger could be de­layed to au­tumn 2017,” said one City source.

“They don’t have the in­fra­struc­ture for the peo­ple they need to hire. They say they don’t even know the right ques­tions to ask when they fi­nally be­gin bar­gain­ing with Europe.”

An un­named cabi­net min­is­ter told the pa­per there were “some chal­lenges” in the Ger­man and French elec­toral timeta­bles.

France has pres­i­den­tial elec­tions in April and May next year, and Ger­many has elec­tions in the au­tumn.

Ms May cre­ated a new min­istry to over­see Brexit talks fol­low­ing the ref­er­en­dum vote to leave the EU.

An­other new de­part­ment, the min­istry for in­ter­na­tional trade, also has an up­hill task to re­cruit experts af­ter decades of leav­ing the job to Brus­sels left Bri­tain with only a hand­ful of ex­pe­ri­enced ne­go­tia­tors.

Photo: EPA

Theresa May's govern­ment may have no choice but to de­lay the exit.

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.