
Prime Minister Theresa May will trigger Article 50 of the Lisbon Treaty before the end of March, the starting process by which the United Kingdom will exit the European Union. The Parliamentary Bill has now received Royal Assent from Her Majesty The Queen.
The Chancellor of the Exchequer, Philip Hammond, a key player in Mrs May’s Government, will be expected to keep the tax rate low to attract new trade deals following Britain’s departure from the European Union.