• 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
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

drew
CommentaryDefense
I helped build the Pentagon’s AI transformation. Corporate America is making every mistake we almost made
By Drew CukorMay 11, 2026
50 minutes ago
Content creator Logan Walter
SuccessJobs
This Gen Zer dropped out of college to become an influencer—now he’s a millionaire from selling products like Medicube and Neutrogena on TikTok Shop
By Emma BurleighMay 11, 2026
2 hours ago
roger
AIMedia
Roger Bennett’s message to A-Rod is one for the country: Soccer has already overtaken baseball in America
By Nick LichtenbergMay 11, 2026
2 hours ago
Employees at the Montage International compete in a ping pong tournament in Deer Valley, Utah.
NewslettersFortune Workplace Innovation
Inside the high-stakes ping pong tournament designed to keep workers from quitting
By Kristin StollerMay 11, 2026
2 hours ago
Why Amex’s CEO scrapped a bonus system that made executives compete for cash
C-SuiteNext to Lead
Why Amex’s CEO scrapped a bonus system that made executives compete for cash
By Ruth UmohMay 11, 2026
3 hours ago
The next test of leadership is how well you manage your AI agents
NewslettersCEO Daily
The next test of leadership is how well you manage your AI agents
By Diane BradyMay 11, 2026
5 hours ago

Most Popular

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
Commentary
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
By Steve H. HankeMay 10, 2026
1 day ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
By Jason MaMay 9, 2026
2 days 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.