Dear Clients,
 

While acknowledging the complexity of the task ahead, Donald Tusk, the President of the European Council, has called for the UK Government to begin the process of leaving the European Union as soon as possible.
 

Tusk met with the UK’s new Prime Minister, Theresa May, in London on September 8, “to assess the political consequences of Brexit for the EU community.”
 

He emphasized that for a full discussion on the EU’s future relations with the UK, the UK must trigger Article 50 of the Lisbon Treaty.
 

“To put it simply, the ball is now in your court. I am aware that it is not easy, but I still hope you will be ready to start the process as soon as possible. But I am convinced that at the end of the day our common strategy goal [is] to establish the best possible relations between the UK and the European Union,” Tusk told May.
 

According to a Downing Street spokesperson, May “said the UK would take time to prepare for the negotiations, reiterating that Article 50 will not be triggered before the end of the year.”
 

The spokesperson added that, on free trade, May “said that the UK would continue to be a strong voice and would continue to support EU trade agreements with other countries in order to deliver a global economy that works for all.”

Should you require any further clarification, please do not hesitate to contact us at:
info@cardwell-capital.com

Kind Regards

Cardwell Advisory Desk