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Brexit Bill is Official, UK Allowed to Leave the EU


June, 27 2018
watermark Economic news

The House of Commons speaker made an announcement yesterday about the bill approval on Brexit which already became a law after series of negotiations, this favored the eurosceptic lawmakers. Speaker John Bercow mentioned that the EU (Withdrawal) Bill nullifies the 1972 European Communities Act as Britain became a member of the bloc which was formally signed by  Queen Elizabeth II. The bill was able to change the EU laws into British statute books after some decades as well as to acknowledge Brexit day in the UK law as for March 29, 2019 at 2300 GMT.

Prime Minister Theresa May described the approval as a "historic moment for our country, and a significant step towards delivering on the will of the British people". The bill went through 250 hours of aggressive debates held in the Houses of Parliament since July 2017. While the Eurosceptics rejoiced the enactment of the bill by the parliament last week which proves that Brexit will happen despite the negotiations risks with Brussels.


The British government is having a hard time finalizing the bill through parliament and required to give authority to lawmakers with the final Brexit agreement with Brussels.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.