ASSESSMENTS
Who Will Manage the Brexit?
Jun 30, 2016 | 21:43 GMT
(LEON NEAL/AFP/Getty Images)
Summary
Five members of the United Kingdom's ruling Conservative Party have announced their candidacy to replace outgoing Prime Minister David Cameron as party leader. The head of the Conservative Party, who should be elected by Sept. 9, will also become the country's prime minister, assuming responsibility for negotiating the country's exit from the European Union.
One of the key decisions that the new prime minister will face is when to formally notify Brussels of Britain's intention to leave the union. According to Article 50 of the Lisbon treaty, a two-year negotiation period begins after a country announces its intention to leave the bloc. The British government will have to negotiate its departure from the European Union and, ideally, the United Kingdom's future relationship with the bloc, including whether the country will have continued access to the internal European market.
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