AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

imageEDINBURGH: British Prime Minister Theresa May will not hold a parliamentary vote on Brexit before formally triggering Britain's withdrawal from the European Union, The Daily Telegraph reported on Saturday, without specifying sources.

May will not offer opponents the chance to stall the withdrawal and has consulted lawyers who say she has the power to invoke the exit without a parliamentary vote, the conservative newspaper said. A majority of the 650 lawmakers had declared themselves "Remainers".

Opponents maintain that since the EU referendum result is not legally binding, elected lawmakers should review the vote before the process is started.

The UK voted to leave the EU on June 23, but May has said she will not invoke Article 50, the formal two-year process for divorce from the bloc, before the end of the year to allow time to prepare the exit strategy.

No one at the prime minister's office was available to comment.

Senior members of the opposition Labour party have suggested that the issue could be subject to a vote by lawmakers or even a second public vote, and a law firm has initiated a legal challenge.

Two months ago 52 percent of Britons opted to leave the EU, but since then the process and what it could mean has been shrouded in uncertainty because the exit is unprecedented.

Gus O'Donnell, a former head of the civil service - the UK's professional administrative departments - said he hoped that by the time Britain leaves the EU it could be part of a "more loosely aligned" EU bloc because the process will take "years and years and years."

"While we can leave relatively quickly, what leaving means is a huge administrative and legislative change because of all of (the) rules and laws and directives that have been implemented over this last 40 years. My instinct is we will almost certainly stick with them and say, 'OK we'll keep them for now, so you can leave with everything in place,'" he told The Times newspaper.

The economic impact of Brexit is also unclear because, beyond a more than 10 percent fall in the value of sterling against other currencies, the signals are so far mixed.

Copyright Reuters, 2016

Comments

Comments are closed.