U.K. Prime Minister Theresa May faces a battle with pro-European lawmakers in her Conservative Party after they grudgingly backed her plan to trigger Brexit negotiations by the end of March in its first test in Parliament.

The House of Commons Wednesday approved by 498 votes to 114 allowing May to start divorce talks with the European Union. But with more parliamentary hurdles ahead, lawmakers warned their backing shouldn't be mistaken for unconditional support to negotiate Brexit freely.

The government will publish a written outline of its Brexit plans on Thursday and it will lay out details of the clean break with the EU that the premier wants, including leaving the EU single market, overhauling membership in the customs union and controlling migration, with a period of transitional arrangements to help businesses adjust.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.