When will the UK declare the Brexit?

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§ Judgement rule

How will the final result of the question be determined?

The question shall be judged by the date on which an authorised representative of the United Kingdom formally notifies the European Council of the UK’s intention to withdraw from the EU in accordance with § 50 of the Treaty of the European Union. The question shall be judged “No notification” if such has not occured latest by 31 December 2017.
Reference date: Dec. 31, 2017, 24:00 CET

Answer options

Widget Price
 Q1 2017
30.66 %
 Q2 2017
31.72 %
 Q3 2017
13.75 %
 Q4 2017
3.75 %
 No notification
20.09 %

Price trend

Transactions
  1. Study the background information carefully.
  2. Read the background information carefully, before proceeding.

Wiki article

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The Forecasting Challenge

When will the Brexit happen? Will it happen at all? Will British politicians abide by the result of the referendum or will they ignore it?

Brexit background

Remainers - Copyright: Daily MailIn a national referendum on 23 June 2016, a majority of 51.9% of British citizens voted to withdraw from the European Union ("Brexit). An immediate second Brexit referendum was demanded by an online petition but swiftly ruled out by UK government. (2)

For more background: Wikipedia

Brexit timing considerations

As the next step, the UK government has to notify the European Council formally of the UK’s intention to withdraw from the EU, as required by Article 50 of the Treaty on the European Union. (1)

It is uncertain if and when this notification will be realized. The UK's incumbent Prime Minister David Cameron stated that the withdrawal negotiations - thus the formal notification - will be the next Prime Minister's task. His successor will be determined at the UK Conservative Party leadership elections in October 2016. (3)

On 11 July 2016 David Cameron announced he will leave Downing Street 10 two days later. Home Secretary Theresa May will succeed him in Office. (5)

Final Settlement

Britain triggered article 50 on the 29th of March, for more information go here.

External sources

  1. The Treaty on European Union, Article 50 - Wikisource
  2. David Cameron rules out possibility of second EU referendum - The Independent, 27 June 2016
  3. EU says 'no need' for UK to send formal letter - The Independent, 26 June 2016
  4. Merkel rechnet fest mit Brexit - Tagesschau.de, 10 July 2016
  5. David Cameron to resign Wednesday as Theresa May to become British PM - CNN.com, 11 July 2016
  6. Pound falls as Theresa May indicates Brexit date - bbc.com, 30 October 2016
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