Changes

It is now very likely that [[France]], the Netherlands, Austria, Finland and Hungary could hold a similar referendum.

It is now very likely that [[France]], the Netherlands, Austria, Finland and Hungary could hold a similar referendum.

The British High Court ruled on November 3, 2016 that the British government could not unilaterally begin formal exit negotiations with the EU, but rather that parliament is needed to initiate exit negotiations.<ref>[http://www.bbc.com/news/uk-politics-37857785 Brexit court defeat for UK government]. ''BBC''. November 3, 2016. Retrieved December 16, 2016.</ref> Because the British parliament is overwhelmingly opposed to Brexit, this would likely result in a watered-down exit agreement. The British government appealed the decision.

The British High Court ruled on November 3, 2016 that the British government could not unilaterally begin formal exit negotiations with the EU, but rather that parliament is needed to initiate exit negotiations.<ref>[http://www.bbc.com/news/uk-politics-37857785 Brexit court defeat for UK government]. ''BBC''. November 3, 2016. Retrieved December 16, 2016.</ref> Because the British parliament is overwhelmingly opposed to Brexit, this would likely result in a watered-down exit agreement. The British government appealed the decision, on 1 February 2017 the British House of Commons approved the plans of a well Brexit.

In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref>

In early 2017, the chief economist of the Bank of England admitted that hysteric [[establishment]] predictions of economic gloom from a pro-Brexit result were wrong and inaccurate.<ref>[http://www.foxnews.com/world/2017/01/06/bank-england-economist-brexit-predictions-were-wrong.html Bank of England economist: Brexit predictions were wrong]. ''Fox News''. January 6, 2017. Retrieved January 6, 2017.</ref>