Brexit might become the road to hell that was paved with good intentions.
Wednesday, 29 March 2017, will be remembered as the day that Article 50 of the Treaty on the European Union (TEU) was triggered.
Looking back there were some key milestones bringing Britain to this point.
1957 |
Britain asked to join founding members in forming European Economic Community (EEC) but says no to marriage. |
1963 |
Britain reconsiders but France says ’non’. |
1973 |
Britain joins EEC |
1983 |
Britain expresses doubts that its marriage is a bed of roses as Labour campaigns to exit EEC. |
1988 |
Britain passes Single European Act after which Margaret Thatcher begins to express negative views about the common agricultural policy. |
1992 |
Britain quits European Exchange Rate Mechanism following immense market pressure on the pound. |
2005 |
David Cameron pulls Conservatives from main centre-right grouping in the EU parliament. |
2011 |
David Cameron uses veto at a 2011 summit on a proposed new EU-wide treaty. |
2014 |
UKIP tops British EU election polls leading to David Cameron’s referendum pledge. |
2016 |
Brexit Referendum results in vote to leave EU. |
2017 |
Article 50 triggered. |
Does the triggering of Article 50 change anything? Well, yes, because it tells us where Theresa May intends to get to; but no, because there are still a lot of known unknowns between where Britain is now and its destination:
This is all speculation and if Theresa May continues to insist on playing her cards close to her chest, it looks like everything will be uncertain until everything is certain.
The one certainty is that nobody knows what EU/British relations will look like after the divorce.
For further information, please contact Trevor Dolan, Partner at tdolan@lkshields.ie.
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