Britain has finally triggered article 50 of the Lisbon Treaty, officially launching Britain’s exit from the European Union following a national referendum that saw the majority of voters push to leave the union.
UK Prime Minister Theresa May sent an official six-page letter to European Council President Donald Tusk in Brussels, confirming the UK Government’s decision.
With thousands of Greeks and other EU nationals living, studying and working in Britain, uncertainty still remains on how the Brexit will affect them.
Theresa May has assured that the rights of EU nationals living in the country will be protected, however there is speculation what will happen after the two year exit transition process is concluded.
One thing is for certain there will be consequences in the commercial sector, a fact that the British Prime Minister was quick to acknowledge.
‘’There will be consequences for the UK of leaving the EU,” referring to Britain losing influence over the rules that affect the European economy.
“We know that UK companies that trade with the EU will have to align with rules agreed by institutions of which we are no longer a part, just as we do in other overseas markets. We accept that.”
May underlined that Britain will approach negotiations with the EU “constructively, respectfully, and in a spirit of sincere cooperation” for it is in the interests of both the UK and the EU to use this process to deliver their objectives in a fair and orderly manner.
“The Article 50 process is now underway and in accordance with the wishes of the British People, the United Kingdom is leaving the European Union,” PM May said in her statement to the House of Commons, which coincided with the letter’s delivery.
“This is an historic moment from which there can be no turning back. Britain is leaving the European Union. We are going to make our own decisions and our own laws. We are going to take control of the things that matter most to us. And we are going to take this opportunity to build a stronger, fairer Britain – a country that our children and grandchildren are proud to call home.”
PM May underlined that the UK understands that –
“It is in the interests of both the United Kingdom and the European Union that there should be as little disruption as possible. And it is in the interests of both the United Kingdom and the European Union that Europe should remain strong, prosperous and capable of projecting its values in the world.”
On his part, European Council President Donald Tusk said in a statement following the UK notification: “There is no reason to pretend that this is a happy day, neither in Brussels, nor in London”. Tusk added that the community of 27 would remain “determined and united” in the negotiations ahead: “Our goal is clear: to minimise the costs for the EU citizens, businesses and member states.”
Tusk concluded his statement by saying: “We already miss you”.