British PM Theresa May to trigger Article 50 by March 2017 to leave EU

Invoking Article 50 of the EU's Lisbon Treaty will offer Britain a two-year period of time to reframe its relationships with EU

British Prime Minister Theresa May is set to trigger Article 50 to leave the European Union by the end of March, providing a better picture of the two-year process of ‘Brexit’.

Invoking Article 50 of the EU’s Lisbon Treaty will offer Britain a two-year period of time to reframe its relationships with EU. According to the latest announcement, UK is expected to leave the EU by spring 2019.

While talking in BBC’s Andrew Marr Show on Sunday, Theresa May said: “”We will trigger before the end of March next year.”

“Now that they know what our timing is going to be … (I hope) that we’ll be able to have some preparatory work so that once the trigger comes we have a smoother process of negotiation.”

“It’s not just important for the UK, but important for Europe as a whole that we’re able to do this in the best possible way so we have the least disruption for businesses, and when we leave the EU we have a smooth transition from the EU”, May told BBC.

The new Prime Minister was reportedly under pressure to offer more details on her plan for Britain’s departure.

During the show, May also added that she wanted to have good relations with EU countries once Britain leave the EU.

The “Great Repeal Bill” will overturn the act that took the UK into the European Union (EU). Once the divorcing process is completed, the British parliament will have the power to amend all rules according to domestic law.

May was quoted as saying: ““It will return power and authority to the elected institutions of our country. It means that the authority of EU law in Britain will end.”

However, few Conservative lawmakers expressed concerns that the early triggering Article 50 could put pressure on the country as elections in France and Germany could change UK’s negotiating partners in the middle of talks, Reuters reported.