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Eversheds comment: Greater clarity on Article 50 timings a boost for businesses

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    19-07-2016

    Commenting on news that Article 50 will not be invoked by the British Government in 2016, Ros Kellaway, head of Eversheds' EU Competition and Regulatory Group, comments:

    "Although the situation is clearly fluid, this formal indication that the government is in no great rush to invoke Article 50 is welcome news for businesses. As things stand, we still don't have clarity on what Britain can expect from the terms of engagement with the EU once negotiations have begun, let alone what the wider parameters are. Businesses could be forgiven for being fearful of protracted Article 50 negotiations, but the reality is, a longer wait to get things right will be very much in their best interests, especially so given the staggeringly complex and multi-faceted nature of Brexit."

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