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Theresa May to assume leadership of Brexit negotiations

Tuesday, 24 July, 2018 - 15:44

British Prime Minister Theresa May announced on Tuesday that she is now taking the lead in the negotiations for the UK’s exit from the European Union, which has until now been the remit of the Brexit Minister, who will continue to assist her on this issue.

“It is essential that the government organise itself in the most effective way to allow the United Kingdom to leave the European Union”, Thersa May said in a written declaration to Parliament, adding: “I will now lead negotiations with the European Union.”

In May, Theresa May agreed to a financial deal worth between £35 and £39 billion (between 39 and 44 billion euros), which ministers said depended on the establishment of future trade relations. This agreement was quickly challenged by members of the government.

Finance Minister Philip Hammond, a spokesman for the business community in the government, however, considered it “inconceivable” that London should not honor its financial commitments to the EU even in the absence trade agreement, stressing that it was not “a credible scenario.”

The UK is due to leave the EU on March 30 2019, but both parties are expected to reach a divorce agreement by the end of October to organise the separation, lay the groundwork for their future relationship and give the time Parliament and national parliaments to ratify the text.


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