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IMPACT – HIGH
The U.K. government has announced that March 29 is the date it will officially notify the EU of its intention to withdraw from the EU. The U.K. will formally invoke Article 50 of the Lisbon Treaty, setting off a two-year negotiation period before the final separation in 2019.
Key dates:
BAL Analysis: Theresa May is expected to deliver a short statement to parliament shortly after invoking Article 50, in which she is likely to reiterate her key objectives in the negotiations, which include controlling migration outside of the free movement directive for new arrivals and securing reciprocal rights of U.K. citizens currently in Europe against European citizens currently in the U.K. May is under some pressure to resolve the status of the 3.2 million Europeans in the U.K. within the first few months of negotiations, but it remains to be seen if this is possible.
BAL will be holding a webinar Thursday, March 23, on “Making Sense of Brexit and Tier 2 Skilled Worker Reforms for UK Employers,” where we will discuss the impact of Brexit and other immigration changes affecting companies that rely on EU and non-EU workers.
This alert has been provided by the BAL Global Practice group in the United Kingdom. For additional information, please contact uk@bal.com.
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