Theresa May has pledged to trigger article 50 by the end of March next year, meaning the UK is likely to leave the European Union around Spring 2019.
In light of this announcement, Japanese car giants Nissan have commented on the a “Brexit” date matter and had this to say: “Nissan is working closely with the new UK Government to ensure our success and investment in the UK continues.
“However, this depends on a number of important factors, including the UK’s trade and tariff negotiations with the European Union.
“We will continue our discussions with the Government, however, future business decisions will be made on a case by case basis, as is our policy. It is in the interest of the businesses and people of the UK that a resolution is reached as soon as possible.”
Article 50 refers to a clause in the Lisbon Treaty, signed in 2007, which codified several other agreements which had brought member countries closer together in the past.
Article 50 states that: “The Union shall negotiate and conclude an agreement with that State, setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union. However, this depends on a number of important factors, including the UK’s trade and tariff negotiations with the European Union.”