Prime Minister Theresa May can now formally begin her discussions with the European Union to determine the terms of Brexit after the Queen gave Royal Asset to the Brexit bill.

MPs and peers passed the European Union bill on Monday, which is intended to notify the EU of the UK’s withdrawal.

The Prime Minister can now formally inform Brussels that the UK is departing, and the exit negotiation, expected to last two years, can begin.

Theresa May has indicated that she will trigger the process by the end of March, as was previously indicated earlier in her premiership.

"By the end of the month we will invoke Article 50, allowing us to start our negotiations to build a positive new partnership with our friends and neighbours in the European Union, as well as taking a step out into the world as a truly Global Britain,” said Brexit Secretary David Davis, reacting to the news that the Queen had given Royal Assent to the Brexit bill.

The terms of Brexit are still widely unknown, although Britain will be adopting a so-called Hard Brexit approach, leaving the Single Market and Customs Union.

This news hasn’t been taken universally favourably. European Commission official David Wright said Brexit could lead to a “complete breakdown” between the UK and EU.

Moreover, Europe’s largest management consultancy advised businesses not to invest in Britain. In addition, supermarkets have indicated that the UK’s food supplies are at risk with a hard Brexit.

Theresa May has kept her Brexit strategy cards close to her chest, but did offer some insight in December, saying she was seeking a “red, white and blue Brexit”.