ASSESSMENTS

Who Will Manage the Brexit?

Jun 30, 2016 | 21:43 GMT

Who Will Manage the Brexit?
The United Kingdom's ruling Conservative Party will soon vote on a leader to succeed Prime Minister David Cameron. Once Cameron resigns in October, the new party head will take over as prime minister, leading Britain through EU exit negotiations.

(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.

Five members of the United Kingdom's ruling Conservative Party announced their candidacy to replace outgoing Prime Minister David Cameron as party leader between June 29 and 30. The head of the Conservative Party, who should be elected by September 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 Treaty on European Union, a two-year negotiation period begins after a country announces its intention to leave the bloc. The British government will have to negotiate its disconnection 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....

Keep Reading

Register to read three free articles

Proceed to sign up

Register Now

Already have an account?

Sign In