Update on the Government's approach to negotiations to leave the EU, as well as an introduction to some of the risks and priorities for the insurance sector and wider financial services.
At the time of writing the High Court of Justice has ruled that the Government does not have the authority to pull the UK out of the EU without the authorisation of parliament. The ruling is of constitutional and political significance and has serious implications - not just on the Government's timetable for leaving the EU, but on the nature of the withdrawal too. The process will not formally begin now until MPs are happy with the terms of any future deal. The Government has announced it will appeal the High Court's decision, with a further hearing to take place at the Supreme Court on 5 December and a ruling expected in early January.
The latest Brexit briefing from the CII provides members with an update on:
- The Great Repeal Bill, Article 50 and the High Court ruling
- The current position of the UK Government and EU institutions approaching the negotiations that are still due to commence by the end of March 2017
- Scrutiny of the Government's conduct
- The economic impact of the UK's decision to leave the EU so far
- The risks and priorities for the insurance sector and wider financial services approaching negotiations.