“The main source of uncertainty for the UK domestically remains Brexit,” he said. “The legal challenge over the role of Parliament in the exit process should not, in our opinion, delay Prime Minister Theresa May triggering Article 50. Today’s Supreme Court decision was largely expected and we now expect the government to table a brief bill to go in front of parliament in the coming days. While amendments to the bill are possible, with Scotland not being granted a veto over triggering article 50 and Labour confirming they will not “frustrate” the article 50 process, and with the government explicitly ruling out a second referendum, we now see a very high probability of article 50 being triggered by the government’s self-imposed March 31st deadline.
“The debate over a hard versus soft Brexit is a false one in our opinion; the Single European Act was the first updating of the Treaty of Rome, making membership of the European Community and the single market indivisible,” he added.
