Mexican Media Brands
British Court Orders Parliament Vote on U.K. Brexit
An 11-member panel of judges in London says the U.K. cannot begin exiting the European Union until Parliament approves the move.
#economics #labor
Share
An 11-member panel of judges in London says the U.K. cannot begin exiting the European Union until Parliament approves the move.
Observers say the ruling injects new uncertainty into the Brexit process and is likely to bring a new round of disruption to investment and financial decisions, Bloomberg News reports.
Article 50 of the Lisbon Treaty which launched the EU says any member state may withdraw “in accordance with its own constitutional requirements.” The U.K.’s public referendum in June favored an exit.
Prime Minister Teresa May plans to begin the two-year exit procedure by the end of March 2017. But the judges say Parliament must approve the move because quitting the EU will “inevitably” affect the country’s domestic laws.
The government intends to appeal the decision at a hearing in early December. It also vows to pursue the March launch even if it loses the appeal.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.