Brexit: Will U.K. Government Continue its Legal Appeal on Parliamentary Vote?

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There have been some interesting developments in the U.K. on the Brexit front.

The Appeals Court recently held that Brexit cannot be triggered without a vote by Parliament, and there is some doubt whether Parliament would approve the Government’s exact exit terms or even whether it would vote its approval for exit at all.

The British government announced it would appeal the issue to the country’s highest and final arbiter of law, the Supreme Court.

Last Friday, the Supreme Court stated that the Scottish and Welsh devolved governments should have a say at any appeal. This would be very bad for the British Government, as both governments are strongly anti-Brexit, and could be expected to do everything possible to disrupt the Brexit operation.

This development has prompted some senior Members of Parliament from the governing Conservative Party to urge the government to drop its appeal and to get on with getting Brexit passed through Parliament as quickly as possible.

They say that Brexit would pass and cite fears that the Supreme Court might give a veto power to the Scottish and Welsh governments.

Importantly, though, it is worth noting that the Members of Parliament behind this move all supported the Remain campaign during the referendum last June.

Brexit

Adam is a Forex trader who has worked within financial markets for over 12 years, including 6 years with Merrill Lynch. He is certified in Fund Management and Investment Management by the U.K. Chartered Institute for Securities & Investment.