Bank of England governor Mark Carney’s Brexit report is interesting mainly because of the methodology it employs. The Bank of England’s report about the impact on the UK economy of leaving the EU issued on 28 November has attracted huge…
Tag: EU
The common external tariff’s had its day. Infrastructure is the key to Europe’s economic future
Britain’s leaving the EU but wants to remain within the tangible goods custom union. But trade in products is becoming less important. What matters is more European investment in physical and social infrastructure In July, the UK government agreed its…
Trump’s killing globalisation for the wrong reasons, but it’s the right thing to do
President Trump signs US withdrawal from TPP on 24 January 2017 President Trump’s decision to withdraw the US from the Trans-Pacific Partnership (TPP) trade deal fulfills promises he made during his pyrotechnic campaign to secure the White House. It shows…
It’s capital not labour that should be controlled after Brexit
People should be free to move to improve their lives, but the practical objections are substantial. The majority live in countries with GDP per capita lower than the global average. In most, infrastructure and essential health and education services are…
Single market myths
The debate about Britain’s future outside the EU is focussing on the single market and the implications of the UK leaving it. The single market is probably the least understood element of the EU convergence programme. The customs union –…
Why Stalin would have loved the Single Market
The Single Market is emerging as the key issuing facing UK decision-makers following Britain’s decisive vote in June to leave the EU. It’s something that both the government and Britain’s main opposition Labour Party insist they do not want to…
Economists say they got Brexit effect wrong
Economists are admitting that they were wrong about the short-term negative impact of the Brexit vote on the British economy, the Wall Street Journal reported today. “The negative impact of the UK’s vote to leave the EU on growth in…
Economists in a pickle as UK economy does post-Brexit bounce
Economists are being forced to review their models following new data that suggests the UK economy has rebounded following Britain’s vote in favour of leaving the EU in June. IHS Markit said today that its Purchasing Managers Index rose to 52.9…
IMF handling of Euro crisis slammed
The IMF’s management of the financial crisis that rocked the EU in 2010-13 has been criticised in an independent report released today. “The IMF’s handling of the euro area crisis raised issues of accountability and transparency, which helped create the…
IMF questions European labour migration
A report by the IMF about the movement of 18m from central and eastern Europe to western Europe since the fall of the Berlin Wall in 1990 says it has negatively affected the economies of the countries from which the…