The European Union Will Begin Action Against Britain
The European Union will begin action against Britain on Thursday over Britain's internal market law, which could lead to a lawsuit before the European Court of Justice, Bloomberg said, citing a source familiar with the matter.The law violates the conditions for Britain's withdrawal from the Union.The European Commission on Thursday sent a letter of formal notice to London for violating the terms of the withdrawal agreement, the source said.The Communication is the first step in a legal procedure that can lead to legal proceedings before the European Court of Justice.In Brussels, Commission President Ursula von der Leyen informed about it.The British pound depreciated against the dollar after the publication of the report by 0.7%.Although the Union's action has no immediate impact, it signals that negotiations on future trade relations after Brexit, which have entered the final phase, are tense.