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

British PM Must Set Out Brexit Plan by Mid-February to Allow Scrutiny

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
January 14, 2017, 12:31 PM ET
EU Leaders Summit in Brussels
BRUSSELS, BELGIUM - DECEMBER 15: British Prime Minister Theresa May is seen after the European Union (EU) Leaders Summit in Brussels, Belgium on December 15, 2016. EU Leaders discussed Ukraine, Syria, Brexit during the summit. (Photo by Dursun Aydemir/Anadolu Agency/Getty Images)Dursun Aydemir/Anadolu Agency/Getty Images

The British government must publish a detailed plan for Brexit by mid-February, setting out its position on future membership of the European Union’s single market and customs union, a committee of lawmakers said in a report published on Saturday.

The Exiting the EU committee, made up of lawmakers from several parties including Prime Minister Theresa May’s Conservatives and opposition Labour, also said the government should seek a transitional deal with the bloc.

May has said she will begin formal divorce talks with the EU by the end of March but has come under fire from businesses, investors and lawmakers for having revealed little about the government’s Brexit plans.

“The government needs to publish its Brexit plan by mid-February at the latest, including its position on membership of the single market and the customs union, so that it can be scrutinised by parliament and the public,” said opposition Labour lawmaker Hilary Benn, chair of the committee.

For more on Brexit, watch:

May has said giving a running commentary on preparations would weaken her hand in negotiations. She is due to say more about her approach to Brexit in a speech on Tuesday.

The committee said the Brexit plan must be presented in the form of a government policy document, alongside economic assessments of various options for market access and trade.

“We’re not asking the government to give away its red lines or negotiating fall-back positions, but we do want clarity on its broad aims,” said Benn.

The committee called on the government to seek to ensure continued access to EU markets for financial services firms and avoid the imposition of tariffs.

It also said May should commit to giving parliament a vote on the final Brexit deal.

Britain’s Bankers Are Losing Hope as a ‘Hard’ Brexit Looms

The Telegraph newspaper reported that Labour planned to use the government’s expected defeat this month in a court battle on how Brexit talks can be triggered to push for parliament to be given a veto on the final package.

The Supreme Court is due to rule on whether the government can use executive powers to kickstart the talks, as it had planned to, or whether it needs parliament’s assent.

The Telegraph said that if the ruling required parliament to vote on a bill to trigger Brexit, Labour would put forward an amendment demanding lawmakers get a vote on the final deal as well.

Labour alone could not win a vote on such an amendment. The Telegraph said the party was sounding out Conservative lawmakers who were against Brexit to see if they would support such a move.

About the Author
By Reuters
See full bioRight Arrow Button Icon
0

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
Fortune Secondary Logo
  • 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

Most Popular

placeholder alt text
Economy
Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid
By Nick LichtenbergMarch 2, 2026
1 day ago
placeholder alt text
Middle East
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy
By Jason MaMarch 2, 2026
1 day ago
placeholder alt text
Middle East
U.S. military gives Iran a taste of its own medicine with cheap copycat Shahed drones, while concern shifts to munitions supply in extended conflict
By Jason MaMarch 1, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of gold as of March 2, 2026
By Danny BakstMarch 2, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, March 3, 2026
By Joseph HostetlerMarch 3, 2026
14 hours ago
placeholder alt text
AI
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergMarch 1, 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.