Theresa May to trigger Brexit on March 29

To get negotiations going - a process that has a two-year time limit- the United Kingdom government has to trigger Article 50 of the Lisbon Treaty, which sets out the formal steps that have to be taken.

Sterling has lost almost a fifth of its value since last year's shock Brexit vote, pressured by investor uncertainty over the terms of Britain's exit deal from the European Union, along with a stream of data suggesting the United Kingdom economy may be headed for a slowdown.

Secretary of State for Exiting the EU, David Davis, also said May would trigger the Brexit legislation next week.

The Prime Minister is attempting to reach out in order to address criticisms that she is not paying proper attention to different administrations.

Britain's envoy to Brussels, Sir Tim Barrow, "has informed the European Union this morning that Britain will trigger Article 50 on March 29", the Government said.

So what happens from now on?

Monday's announcement comes just days before the European Union celebrates the 60th anniversary of the Treaty of Rome which created the bloc. To avoid spoiling the party, May will wait till next week to file Britain's divorce notice.

The European Commission's Brexit negotiator Michel Barnier has said they must be wrapped up by October 2018 to give the EU and national parliaments time to ratify the deal.

The UK expects to receive a response to Barrow's notification from the EU Council within 48 hours.

After the 27 leaders agree on the guidelines, the European Union commission will, 24 hours later, put forward the formal recommendation for the negotiating directives. With Easter on April 16, the first round of French presidential voting on April 23, public holidays on May 1 and the French runoff on May 7, May 4 is a possible date.

A spokesperson said that May will write a letter to the EU's 27 other members to express her intent to have the negotiations begin swiftly.

The view appeared to open up a split with David Jones, a minister in the Brexit department, who welcomed the "no exit fee" argument - first put forward in an explosive House of Lords report.

December 2017 - Brussels wants a basic deal on a Withdrawal Treaty by year's end.

The bill to be introduced later this year will serve the dual objective of repealing the European Communities Act and incorporate more than four decades of EU law into British law.

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