• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipBrexit

Britain’s Theresa May Finally Sets Out Timetable for Brexit

By Dan Stewart and
TIME
TIME
Down Arrow Button Icon
By Dan Stewart and
TIME
TIME
Down Arrow Button Icon
October 2, 2016, 8:57 AM ET
Theresa May Remains The Favourite To Become Conservative Party Leader
Photograph by Jack Taylor—Getty Images

British Prime Minister Theresa May has said the United Kingdom will formally begin the process of departure from the European Union before April 2017, finally setting out a timetable for the process after months of uncertainty.

In an interview with the BBC on the morning her Conservative Party meets for its annual conference, May said Britain would begin the two-year process set out in Article 50 of the EU’s Lisbon Treaty in the first quarter of next year. Parliament will be asked to pass a “Great Repeal Bill,” that will remove EU statutes from Britain’s laws.

Triggering Article 50 will allow British and EU negotiations to begin talks on what the UK’s relationship will be with the remaining 27 members of the political and economic bloc. EU leaders have said Britain must accept the free movement of EU citizens in order to maintain economic ties with its members. But pro-Brexit politicians in the U.K. insist the country must be able to control its borders, even if it means giving up access to the EU’s single market.

Brexit Base Camp: the U.K.’s Long, Hard Climb Begins Now

“I hope that now [other EU members] know what our timing will be … we’ll be able to have some preparatory work to have a smoother process for negotiation,” she said. “It’s important for the UK and Europe as a whole to do this in the best possible way so there is a smooth transition away from the EU.”

British voters elected to leave the EU—nicknamed ‘Brexit’—in a national referendum held on June 23, turning the political order in Westminster upside down and causing temporary havoc in international markets. Then-Prime Minister David Cameron stepped down, setting in motion a leadership contest won by May after her rivals dropped out. Under what terms the country would leave the 28-nation bloc have been an open question ever since.

For more on Brexit, watch:

The British economy has so far shown few signs of Brexit’s impact, defying the gloomy predictions of Cameron, his finance minister George Osborne and Mark Carney, head of the Bank of England. But that may change as the realities of Brexit become clearer.

May will speak further on Brexit to Conservative Party members in a speech later Sunday, alongside her Foreign Secretary Boris Johnson, Secretary of State for Exiting the EU David Davis, and International Trade Secretary Liam Fox.

This article originally appeared on TIME.com

About the Author
By TIME
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Jeremy Renner
AIHealth
Exclusive: Jeremy Renner bets on the tech that could have saved his life faster: ‘There’s 150 people that are responsible for me not dying’
By Catherina GioinoApril 15, 2026
49 minutes ago
The billionaire Anthropic cofounder who majored in literature says knowing how to ask the right questions beats knowing how to code
SuccessTech
The billionaire Anthropic cofounder who majored in literature says knowing how to ask the right questions beats knowing how to code
By Marco Quiroz-GutierrezApril 14, 2026
13 hours ago
trump
EconomyManufacturing
Trump’s macho MAGA economy is a bust. But there are plenty of high-paying jobs for men—in nursing and teaching
By Nick LichtenbergApril 14, 2026
14 hours ago
Dow COO Karen Carter wearing a white lab coat and sitting while smiling
C-SuiteNext to Lead
Dow’s CEO pick elevates a seasoned insider at a pivotal moment for the chemical giant
By Ruth UmohApril 14, 2026
16 hours ago
Sam Altman’s attacker had a kill list of AI executives. Experts warn this is just the beginning
AIchief executive officer (CEO)
Sam Altman’s attacker had a kill list of AI executives. Experts warn this is just the beginning
By Marco Quiroz-GutierrezApril 14, 2026
18 hours ago
mike rowe
Successskills
‘Dirty Jobs’ host Mike Rowe is giving away $10 million to get Gen Z into trades—and says the skills gap has never been worse
By Jake AngeloApril 14, 2026
18 hours ago

Most Popular

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
2 days ago
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
Commentary
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
By Fortune EditorsApril 14, 2026
24 hours ago
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
Success
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
By Fortune EditorsApril 14, 2026
1 day ago
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
AI
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
By Fortune EditorsApril 14, 2026
1 day ago
Current price of gold as of April 13, 2026
Personal Finance
Current price of gold as of April 13, 2026
By Fortune EditorsApril 13, 2026
2 days ago
Current price of oil as of April 14, 2026
Personal Finance
Current price of oil as of April 14, 2026
By Fortune EditorsApril 14, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.