“I want to be clear that as we conduct our negotiations, it must be a priority to allow British companies to trade with the single market in goods and services, but also to regain more control of the numbers of people who come here from Europe”, she said this month.
Advertisement
“If you look at what’s going on with Brexit right now, it seems to me there’s a very clear case that fundamental questions of social tension, of political sustainability of governance, are right at the heart of Europe”, he told Times Higher Education. Theresa May will become Britain’s new Minister on Wednesday.
And highlighting the fact “only 5% of what we make and sell goes to the fast-growing economies” outside the EU, Mr Cameron said the United Kingdom needs to “win in Europe and win in the rest of the world”.
One of the biggest economic threats stems from uncertainty over what kind of relationship Britain will eventually have with the EU.
“There is evidence that the referendum result was influenced by misrepresentations of fact and promises that could not be delivered”, wrote Philip Kolvin, the lawyer who coordinated the letter, according to an e-mailed statement.
Aidan O’Neill QC, a constitutional law and European Union law specialist at Matrix Chambers, said: “The Brexit referendum has made clear that the UK is not a united nation-state, but a divided state of nations”.
They say primary legislation will be needed before Article 50 of the Lisbon Treaty – the route via which members states leave the European Union – can be triggered. However, it is unknown when May, known as a pragmatist and respected as a competent and experienced politician, will trigger Article 50 of the Lisbon Treaty which sets in motion the process of withdrawal.
Shortly after May gave her campaign speech her rival Andrea Leadsom quit the leadership race.
“People need certainty as quickly as reasonably possible, at least on the process and broad timing, which would calm people down”, said Jonathan Herbst, a lawyer at Norton Rose Fulbright who advises banks.
May has adopted the mantra “Brexit means Brexit”, declaring on Monday there could be no second referendum and no attempt to rejoin the European Union by the back door.
Bank of England Governor Mark Carney said on Tuesday that the expected hit to Britain’s economy from the Brexit vote could prompt the central bank to provide more stimulus.
Al Jazeera’s Lee said that even though May was formally against leaving the EU, “many suspected her heart was never really in the European project – particularly its rules on free movement”.
Advertisement
May has been more forthright recently on what should take place following the victory for the “Leave” side in the referendum.
