Special
The economy of the United Kingdom experiences a ‘European’ demand shock but also has ‘American’ labour shortages. Weak growth and high inflation is the result. Meanwhile, there is a constant threat of a trade war with the European Union.
Special
The Scottish regional election is potentially shaping up to have a big impact on the future of the UK. Scottish independence has returned to the top of the agenda and the SNP will argue to have a fresh mandate. The economic argument for Scottish independence is weak, but the Conservatives aren’t in the position to credibly make this case.
Special
The EU-UK trade agreement marks the start of a complex relationship in which the UK and the EU will have to learn to live together separately. This won’t be without frictions.
Special
The mandates of Brexit negotiators Barnier and Frost don’t ‘click’, no matter how long they keep talking. As the talks go down the wire, political intervention remains necessary to break the deadlock.
Special
The negotiations on a EU-UK trade deal are reaching a climax. Even as the scope of the aspired agreement remains limited, there is a non-negligible chance that the talks still collapse. However, the economic effects are overshadowed by the pandemic.
Special
Markets and media are focused on everything related to Covid-19, yet the Brexit-clock ticks away in the background. The first real deadlines are nearing fast. There are plenty of compelling arguments to extend the transition period; we challenge the conventional wisdom and look for reasons why the UK government would not ask for more time.
Special
Brexit has finally become a done deal, but the next phase of the negotiations is much broader in scope. The little time available limits the potential of any EU-UK agreement. Indeed, Brexit has been gradually defined in much harder ways.
Economic Report
The great Brexit gamble paid off: Prime Minister Johnson got his majority in the House of Commons and he will now be able to ‘get Brexit done’. The UK will leave the EU by January 31.
Special
Even though PM Johnson’s Brexit deal would only lead to limited checks, we don’t expect the EU to accept his proposal. They are treading carefully to avoid any blame and count on the UK Parliament to prevent a no-deal Brexit on October 31.
Economic Report
Whilst ‘Super Saturday’ turned into a Brexit anti-climax, it also became clear that Prime Minister Johnson actually might have the numbers to get his deal through. This may change when the deal will be scrutinized.
Economic Comment
The EU and the UK are treading carefully to avoid any blame when things go wrong, but it remains highly unlikely that a deal will be reached in the next two weeks. This means that there will be yet another showdown in Westminster.
Economic Comment
A lot has happened since we’ve published our previous Brexit Outlook. The clash between the British Government and Parliament was entirely expected, but eventually culminated into an unprecedented series of dramatic events.
Special
Prime Minister Johnson has asked the Queen to suspend Parliament. While it was an explosive move, confrontation between Johnson and Parliament has always been inevitable. The EU has been betting on the UK parliament to intervene, but the window has narrowed. The risk of a no-deal Brexit is obviously rising, but secondary to the risk of a general election.
Economic Update
Brexit will get messier under Boris Johnson’s leadership and the British economy is already suffering from the Brexit uncertainty. The economic outlook for 2019 is modest and shadowed by the prospect of a hard Brexit on 31 October.
Special
At first glance, the economy of the United Kingdom hasn’t suffered much from Brexit. However, appearances are deceiving and the steady growth of the past two years masks underlying Brexit damage.