Britain’s divorce from the European Union is not going to be easy given there is no precedent and no planning was done before the historic referendum result. A bit more than one month on, here’s what we know — and what we still have to find out — about the key issues facing investors and executives as officials work out exactly what Brexit will mean.
When will talks begin?
Prime Minister Theresa May must decide when to activate Article 50 of the Lisbon Treaty, which starts two years of talks. While some politicians at home and leaders abroad see a need for speed, May says she won’t pull the trigger before the end of the year. German Chancellor Angela Merkel has given her blessing to the delay, though she’s ruled out preliminary talks either “formally or informally.”
Source: Bloomberg (25 July 2016)