The United Kingdom is about to begin negotiations to leave the European Union nearly seven months after voting to exit the bloc in a dramatic referendum. No country has ever voted to quit the EU, so many investors are still unsure how the divorce proceeding will go.
British Prime Minister and hard Brexiter Theresa May tried to clear up the confusion over the weekend by giving the clearest signal yet that her country will make a decisive break with the Single Market.
In a television interview on November 8, the Prime Minister said she intends to regain full control of immigration while agreeing to “a really good, ambitious trade deal” with Brussels.
May also warned that a so-called “soft Brexit” was not in the cards, as London is not prepared to “keep bits of membership” of the EU after leaving.
“People voted to leave the EU but also voted for change,” she said, as quoted by UK Daily Express newspaper. “This year is the year we start to make that happen.”
May intends to trigger Artic...