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UK Will Wait Until 2017 To Take Brexit Action

The UK's new Prime Minister, Theresa May, has said that her Government will not trigger Brexit negotiations this year.

May made the announcement during a press conference with the German Chancellor, Angela Merkel. She said it will take time to negotiate the UK's "successful exit from the European Union (EU)," along with "serious and detailed work."

"All of us will need time to prepare for these negotiations and the United Kingdom will not invoke Article 50 until our objectives are clear. That is why I have said already that this will not happen before the end of this year. I understand this timescale will not please everyone but I think it is important to provide clarity on that now," she explained.

Article 50 of the Lisbon Treaty provides for a two-year process for negotiating the withdrawal of a member state from the EU.

May added that "we want to get the right deal in trade and goods and services for the UK."

Merkel told reporters that "it's actually to our advantage to have the United Kingdom define its negotiating stance in great detail and clarity and possible to also clearly outline how it sees its future relationship with the European Union."

She further clarified that until Article 50 is triggered, and "even during the negotiations later on," the UK remains a member of the EU, "with full rights and obligations."

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