- Firms plan to quit UK as City braces for more post-Brexit losses
- Corbyn announces new shadow cabinet and insists he won’t quit
- Deputy leader Tom Watson tells him he has lost authority
- Boris Johnson sets out leadership vision
The pound has hit a 31-year low against the dollar, my colleague Graeme Wearden reports on the business blog.
Any prime minister will need parliamentary approval to trigger article 50 of the Lisbon treaty and initiate the UK’s exit from the European Union, according to a report by constitutional lawyers.
In a legal opinion published on Monday, Nick Barber, a fellow at Trinity College, Oxford, Tom Hickman, a barrister at Blackstone Chambers and reader at University Collegge, London, and Jeff King, a senior law lecturer at UCL, declare that: “In our constitution, parliament gets to make this decision, not the prime minister.” They add:
The prime minister is unable to issue a declaration under article 50 of the Lisbon treaty – triggering our withdrawal from the European Union – without having been first authorised to do so by an Act of the United Kingdom Parliament. Were he to attempt to do so before such a statute was passed, the declaration would be legally ineffective as a matter of domestic law and it would also fail to comply with the requirements of article 50 itself.