The United Kingdom took the long-anticipated first formal step towards officially leaving the European Union when on March 29, the UK Envoy to the EU hand delivered the “Article 50 Letter” to the EU Council President. As of today, the clock begins ticking on a 2 year window in which the UK can negotiate its withdrawal. While the UK Government optimistically views “Brexit” as an opportunity to create a new and equal partnership with their friends and allies in the EU, questions surrounding immigration, trade, and budget commitments will likely present substantial challenges in reaching a final agreement.
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