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UK prime minister says Britain will launch Brexit next year

However, EU leaders have suggested are opposed to holding any talks with Britain before it triggers Article 50. "Once it arrives we are prepared and ready to engage constructively and in good faith".

Mrs May, who had previously only said she would not trigger Article 50 this year, ended speculation about the government's timetable, telling the BBC earlier that it would be done by "the first quarter of 2017", marking the start of a two-year exit process.

The prime minister rejected the notion that Article 50 could be subject to a vote in parliament - which would open the possibility of MPs trying to block Britain's divorce from Europe. David Cameron pledged he would trigger Article 50 immediately should he lose his referendum.

The U.K. economy has proved more resilient than expected in the wake of the European Union referendum on June 23, but a sharp fall in the value of the pound - which has boosted export revenue and tourist spending - and a big injection of money from the Bank of England have helped limit the fallout.

"EU law will be transposed into domestic law, wherever practical, on exit day", he will say.

Some 52 percent of Britons voted on June 23 to leave the European Union, responding to calls by Brexit - or British exit - campaigners Nigel Farage, Boris Johnson and others. "But that is the wrong way of looking at things", she said.

Asked whether her government would prioritize immigration over access to tariff-free trade with European Union countries in divorce talks with the bloc - something that has muted investment, Ms.

Theresa May, prime minister of the United Kingdom, said Sunday said the Brexit process will be begin by the end of March.

May told the Sunday Times that the measure would make Britain a "sovereign and independent country" again.

"The clear message from the referendum is this: we must be able to control immigration, " Davis said.

European Union leaders have insisted Britain will not be able to sweep aside the EU's freedom of movement principle while holding onto free trade with Europe.

Britain and the EU have been at odds over a string of issues, particularly the UK's inclination to remain a member of the European single market after leaving the bloc.

"In other words, a great mistake to think of this being a smooth process of negotiation", the analyst argued. "I want to give British companies the maximum opportunity to trade in and operate in the single market".

"So let me be absolutely clear".

stayontheblack.com

UK prime minister says Britain will launch Brexit next year