UK/EU: Noise and substance of the internal market bill row
n the future-relationship talks continuing this week, the atmosphere between both sides is at a new low after the UK has begun to contemplate no-deal again publicly. The government has also questioned its own willingness to comply with the existing withdrawal agreement. However, … Become a member to read the rest of this article […]
UK & Sterling facing potential quadruple whammy
Sterling has enjoyed a strong, if bumpy ride, since late-June. It has been the second strongest major currency against the US Dollar and appreciated 3.7% in NEER term, thanks in part to a build-up of speculative long-Sterling positions. Markets have seemingly taken heart from g… Become a member to read the rest of this […]
UK/EU: As talks resume, a deal remains possible
Following a rather short summer break, EU-UK trade talks will resume next week. Despite some negative noise, a deal remains possible, but as at previous iterations of the Brexit saga, an agreement should probably be expected closer to the deadline. The talks need to be wrapped up… Become a member to read the rest […]
UK: Plan for jobs – Does strategic ambition match fiscal cost?
Chancellor Rishi Sunak has presented his plan for jobs, the second part of the government’s set of economic measures to fight the impact of the pandemic, in the Commons today. The first stage of GBP 160bn had been designed to help the UK economy through the virus-inflicted hibern… Become a member to read the […]
UK/EU: A new deadline in late July?
As expected, the high-level meeting between PM Boris Johnson and the presidents of the three EU institutions on 15 June did not yield any substantial news. Any other outcome would have been surprising, given the limited progress previously made on the level of technically detail… Become a member to read the rest of this […]
UK/EU: Get ready for border checks – but how clear will the message be?
There is still no date for the high-level meeting between PM Boris Johnson and the Presidents of the European Commission and Council, Ursula von der Leyen, and Charles Michel. However, the once envisaged UK request of an extension to the transition beyond 31 December has become highly unlikely.
UK/EU: Kicking the can further down the road (with or without extension)
As future relationship talks remain complicated, the immediate risk is that the UK decides by 30 June to not request an extension of the transition period beyond 31 December. As discussed since last year, by reducing the ambition of the withdrawal agreement, the most important tr… Become a member to read the rest of […]
UK/EU: Towards extending the transition
There is the growing expectation that the Covid-19 crisis will force Prime Minister Boris Johnson to perform a U-turn and request an extension to prolong the Brexit transition period beyond 31 December 2020. This outcome is becoming likelier with every day that UK infection numbe… Become a member to read the rest of this […]
UK: Sunak’s big moment – and he delivered
Chancellor Rishi Sunak announced a major new rescue package aimed at shoring up jobs and supporting small businesses during the coronavirus crisis. Sunak’s claim that the measures were “unprecedented” in the recent history of British politics is no exaggeration, and the chancello… Become a member to read the rest of this article
UK: Questions mount over the effectiveness of government’s crisis response
The government finds itself under growing pressure given its comparably relaxed approach to the coronavirus crisis so far. While other European countries have taken drastic steps to curtail public life, a ban on mass gatherings is expected to be introduced only today, and restaur… Become a member to read the rest of this article