Reuters, Birmingham :
Prime Minister Theresa May said on Tuesday it was important to set out the timing of Britain’s exit from the European Union to reassure businesses after sterling plunged in the wake of her announcement of the deadline.
On Sunday May said she would trigger the formal ‘Article 50’ legal exit process by the end of March, at which point Britain and the EU would enter an initial two-year negotiating period.
The news sent sterling towards a three-decade low against the dollar on Monday while shares rose to a 16-month high.
Meanwhile, British Prime Minister Theresa May is making a “huge mistake” by heading for a hard Brexit-severing ties with the European single market, former deputy prime minister Nick Clegg told AFP.
“I didn’t meet a single voter who voted for Brexit who wanted to see British exporters being damaged and the City of London being cut off from the single market,” the 49-year-old former Liberal Democrat leader said in an interview.
“I think that Theresa May and her government are making a huge mistake.”
