Blog


EU Grant A50 Extension

European Union leaders gave Britain a lifeline and opportunity to leave the bloc in an orderly fashion after giving Prime Minister Theresa May two weeks’ reprieve until April 12 before Britain could tumble out without a deal.

Arriving for a second day of a summit dominated by talks over Britain’s departure, Belgium’s prime minister said he hoped for a “rational” decision by British lawmakers to back the withdrawal treaty that May concluded with Brussels.

Seven hours of summit brainstorming on Thursday kept a host of options open for leaders, who say they regret Britain’s decision to leave but are eager to move on from what they increasingly see as a distraction.

A May 22 departure date will apply if parliament rallies behind the British prime minister next week. If it does not, Britain will have until April 12 to offer a new plan or choose to quit the bloc without a treaty.

That date corresponds to the six weeks’ legal notice required for the EU election – which the bloc would insist Britain hold on May 23 if it remains a member. If it does not hold the election, leaders said, the very last date Britain must leave would be June 30, before the new EU parliament convenes.

The details of exactly how and when Britain would leave on or after April 12 are still somewhat vague.

It might leave abruptly at midnight (2200 GMT) on that Friday night. But EU officials said it could also agree a date with the EU to leave later, deal or no deal.

In my opinion there is still no real clarity, as we could leave in May, maybe April, maybe even later as the EU say we can agree a date.

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the information commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers