In less than a week since Britain’s Prime Minister Theresa May went to the White House to visit with the new American President Donald Trump, the lower house of the British parliament voted overwhelmingly today to go ahead with filing Article 50, and begin the process to exit from the European Union.
With a vote of 498 to 114 in the House of Commons, the scuttlebutt created when the British courts ordered that parliament would need to vote on approving the Brexit Referendum before the nation could file Article 50 ended up being much ado about nothing.
MP’s in Parliament have voted 498 to 114 to authorize Prime Minster Theresa May to Trigger Article 50 and begin the United Kingdom’s withdrawal from the European Union. The vote officiates the result of the June 23rd, 2016 “Brexit” Referendum where a majority of UK citizens indicated a desire to leave the EU. An amendment introduced by the Scottish National Party (SNP) which called on the Government to consult the devolved powers on Brexit and calls on her to set out her objectives for the negotiation was rejected. The vote authorizes Theresa May to begin the withdrawal process, which she has indicated she will do by the end of March, 2017.
Besides the re-energizing of the relationship Britain has long had with the United States, the prospect of economic growth rapidly expanding once the nation fully leaves the Union appears to have had alot to do with today’s consensus. In fact, a recent European watchdog reported that the UK had the best economy in Europe for 2016, and this despite analysts and experts predicting that they would go into recession if they had voted in favor of leaving the EU.
Just like the way Russia has prospered and flourished following their sanctions on Europe, and the Eurasian economy having to forge new partnerships elsewhere to replace lost imports, so too does Britain have a much brighter future now that they are no longer going to be under the stanglehold that is the EU bureaucracy.
Kenneth Schortgen Jr is a writer for The Daily Economist, Secretsofthefed.com, Roguemoney.net, and Viral Liberty, and hosts the popular youtube podcast on Mondays, Wednesdays and Fridays. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.