Today it was announced that Theresa May must get go-ahead from parliament before article 50 can be activated by the government. The pound rose by one per cent immediately after the court’s decision was announced.
The government has said it will appeal the decision at the Supreme Court, which is likely to take place in December.
In one of the most important constitutional cases in generations, three senior judges ruled the Prime Minister does not have power to use the prerogative to trigger Article 50 of the Lisbon Treaty to start the UK’s exit from the European Union – without the prior authority of Parliament.
What does this mean?
Brexit will most likely still happen!
The High Court ruling does not mean Brexit won’t happen. It also does not mean parliament will get to have a vote on whether or not Britain leaves the EU. What it simply means is that parliament will now get to have a vote on when the government is able to trigger article 50, to begin the process of Britain leaving the EU. In other words, without parliamentary approval article 50 cannot be triggered and the Brexit process cannot officially begin.
The Brexit saga continues and it may go on much longer than expected.
Theresa Mays initial forecast that article 50 will be triggered March 2017 is now not certain. Moreover, even after it’s triggered there is still a 2 year leaving and negotiating period. So brace yourselves.
How do we feel about todays High Court ruling?
Well too much scrutiny from parliament can get messy and result in very little progress; more uncertainty may do the market and the economy very little good. Moreover, it could heighten the fears of some who voted for Brexit and would see the ruing as a move to block and stop Brexit. That itself could lead to more tension and indifference in our society. Although its highly unlikely that anyone in parliament is prepared to take such a risk and go against the wish of the people. That would be incredible to say the least.
What the ruling does is it perhaps gives room for more transparency of the process. A chance for Britain’s exit to be done in a manner that is democratic and accountable. The British people do not want to end up with a deal that favours very few people. Moreover, such a deal could have a detrimental effect on the economy and the future prospects of the youth. What we really want is a Brexit saga that is transparent and open for all to see. A chance for everyone, especially our most “trusted” and “reliable” representatives in parliament to have a say on the issue. This is the only way since “we are all in this together” and its “our mess to sort out as a nation.”