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
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
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.