It does look like May is going to lose the case about her triggering Article 50 without parliament approval.....the markets are already seeing this as a possibility that parliament will reject the terms upon which May wants to trigger Article 50,as a result the pound is ticking north.
If I were parliament I would say that May can trigger Article 50,but not let her negotiate to leave the single market,that is effectively saying 'no Brexit' but politically they would look good in Leavers eyes because it would look like they have got their cake and eat it (Boris quote)...the EU would reject it and we would be stuck in a limbo land.
It would be a disaster for May because she said she can trigger Article 50 in March,that is now unlikely to happen,Leavers would see this as very visual back peddling and give her hell.
What I am not amused about is this case with top flight QC's has cost lots of money(millions I suspect),our money that Theresa May is wasting,just to save her own political ambitions.....Mayhem!!
Even her own QC's dont seem briefed about their submissions,reading through the transcript they dont appear very good,the lady who took the action had the best counsel by far.
KudosDave
The British pound has jumped to its highest level in over a week Tuesday after a lawyer for Theresa May’s government said parliament will “very likely” have to ratify an eventual agreement between the U.K. and the European Union when the country leaves the bloc.
The comments are significant because the majority of MPs are opposed to leaving the EU, and are upset at indications that the government will not even try to keep the U.K. in the EU’s Single Market as it tries to negotiate the ‘Brexit’ settlement.
The U.K. sends over 40% of its exports to the EU, and the financial services sector, which accounts for over 10% of gross domestic product, is particularly dependent on unconstrained access to the Single Market. The pound has plunged in the last two weeks on fears that this access would be lost. If parliament were to reject the government’s draft settlement (and public opinion were to swing back behind Remaining), it is possible that the U.K. may stay in the EU after all.
James Eadie, who is representing May’s government in
a High Court challenge over who has the right to trigger divorce talks, said members of parliament would very probably be allowed a say on the final exit deal.
“The government view at the moment is it is very likely that any such agreement will be subject to ratification” Eadie said.
Somewhat confusingly, Attorney General Jeremy Wright–also arguing the government’s case–however maintained that once the government formally notifies the rest of the EU of its decision to leave, the process would be irrevocable. That’s not only at odds with Eadie’s comments, but also with
a broad hint from EU Council President Donald Tusk last week that “no Brexit” was still an option–“even if today hardly anyone believes in such a possibility.”
