EU Withdrawal Bill officially becomes law to make way for Brexit

Image
Press Trust of India London
Last Updated : Jun 26 2018 | 7:30 PM IST

The EU Withdrawal Bill, the British government's central legislation to pave the way for the country's exit from the European Union by March next year, today officially became law in Parliament.

House of Commons Speaker John Bercow told MPs that the bill had received Royal Assent, which involves Queen Elizabeth II's final approval required to make it an Act of Parliament.

"I have to notify the House in accordance with the Royal Assent Act 1967 that Her Majesty his signified her Royal Assent to the European Union Withdrawal Act 2018," Bercow said.

The new act will repeal the 1972 European Communities Act, which put European law above laws made by the British Parliament as the country joined the European Economic Community (EEC). It will ensure the supremacy of British law on Brexit day March 29, 2019.

The new act ensures that around 20,000 pieces of EU legislation will now be transferred into British law, in an attempt to ensure a smooth 'Brexit'. It was subject to fierce debate as it passed through Parliament, with many attempts to change its wording.

A potential rebellion by Prime Minister Theresa May's own Conservative party MPs was seen off after she promised to allow the Speaker to rule on whether the Commons would get a so-called "meaningful vote" in the event of no deal with the EU.

A Downing Street spokesperson said that the premier had opened a Cabinet meeting this morning by marking this historic moment for our country and a significant step towards delivering on the will of the British people.

She described the legislation as "a major building block for the UK's bright future outside of the European Union".

The EU Withdrawal Bill is just the first major hurdle on the path of Brexit for the UK government, with other significant bills on future trade and customs ties with the EU set to return to the House of Commons after the House of Lords' interventions.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 26 2018 | 7:30 PM IST

Next Story