British MPs will "very likely" have to ratify EU exit deal: government lawyerOctober 18, 2016 - 15:32 AMT PanARMENIAN.Net - Britain's parliament will "very likely" have to ratify the country's eventual agreement with the European Union when it leaves the bloc, a British government lawyer said on Tuesday, boosting the battered pound on currency markets, Reuters reports. "The government view at the moment is it is very likely that any such agreement will be subject to ratification," James Eadie, who is representing Prime Minister Theresa May's government, told the High Court in London. He was speaking on the third day of a legal challenge by campaigners who say parliament - not ministers - should have the right to start the formal, two-year divorce procedure by triggering Article 50 of the EU Lisbon Treaty. May has said she will start the process before the end of next March. Although her government says it has the right to trigger Article 50 without consulting parliament, it has previously promised that lawmakers will be fully consulted over the subsequent negotiations. Most treaty deals have to be ratified by parliament and Eadie said that would probably apply to an eventual deal on Britain's exit from the EU. "We understand it will be one of those treaties," he said. But he added that it was possible that the EU and Britain could agree that their divorce agreement would come into effect without parliamentary approval, Reuters says. Sterling, which has fallen by nearly 20 percent against the U.S. dollar since June's referendum on concerns about the impact of Brexit on Britain's economy, jumped by more than half a cent on Eadie's remarks. "We have just jumped on that headline but it does not look as clear as people initially thought," said a strategist with one international bank in London. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |