BREXIT Process Offically Launched with Article 50

Britain has officially began the BREXIT process by Prime Minister Theresa May signing article 50, triggering the process. May delivered a letter to European Council president Donald Tusk late Tuesday afternoon of the UK’s withdrawal from the European Union. Now, the U.K. And 27 other members of the EU will negotiate how to untangle and in some cases, sever dealings between the two. New legislation must also be drafted to replace current laws that are applicable to the nation. “My answer is clear, I want the United Kingdom to emerge…

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Supreme Court Ruling to Delay BREXIT for Two Years

The United Kingdom lost its fast-tracked approach to exiting to the European Union by the Supreme Court Tuesday. The court ruled 8-3 BREXIT cannot start without parliament consent Tuesday. Emergency legislation was drafted into the constitution, hindering current Prime Minister Theresa May from making good on her promise to provide a swift, irreversible exit within two years by implementing Article 50. The high court ruled article 50 would strip away rights the British citizens are entitled to under European law that were not included in British law. “The government cannot…

BREXIT: United Kingdom Votes to Leave European Union

The numbers from the UK referendum are and the British have spoken: The UK are done with the European Union.  Prime Minister Cameron vowed to resign from office due to the decision. He campaigned for the UK to stay with the EU. The only nation who agreed with Cameron is Scotland, who may now seek independence from the UK. As of now, less than 24 hours after the vote, global market have began to crash, with the DOW JONES down over 600 points as of this market closing Friday afternoon.…