PM Theresa May: “UK government taking a UK-wide approach in the negotiations with the European Union regarding Brexit”

UK’s PM Theresa May is expected to make a statement to MPs later at 1130GMT and finally trigger Brexit Article 50. According to previous consensus, the statement should lean to the conciliatory tone, calling all Britons to unite ahead of this historical moment.

PM May: “UK government taking a UK-wide approach in the negotiations with the European Union regarding Brexit”

PM May: “Now it’s not the time to talk about a Scottish referendum. We need to stay as a United Kingdom to find the best Brexit deal for the whole UK”

Key Notes

Brexit: Likely to see negotiations about how to negotiate at the beginning

According to analysts at Danske Bank, while the EU wants to settle the divorce bill first before discussing the future relationship, the UK wants to discuss both simultaneously –we are likely to see negotiations about how to negotiate at the beginning and the risk of ‘no deal’ seems to be the highest here.

UK finally means Brexit

Analysts at Lloyds Bank explains that we’re set for a UK centric session, at least from a headline perspective as we’re set to see PM Theresa May trigger Article 50, following her closing remarks in PMQs at 1230, at which point Sir Tim Barrow will deliver a signed letter to EU Council President Donald Tusk.