The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.
Brexit supporters do not need to make any noise. They have been decades using the EU as a scapegoat for their problems of excessive regulation, arbitrary taxation, lack of transparency… Now it’s Cameron who must prove the opposite.
Great Britain’s exit from the European Union could be the straw that breaks Europe’s back. So heads of state and government have worked hard on devising a new tailor-made suit for the UK.
UBS | A date for referendum is set and the pound is getting pounded. The United Kingdom reached an agreement with the European Union and the UK announced that the referendum vote will take place on 23 June 2016.
Maxime Larivé | European governments have let a member state of the European Union (EU) cherry-pick the terms of its place in the union, potentially setting an irreversible situation. But should the United Kingdom remain an EU member under its new agreement? This question should be asked to all EU citizens.
Just as he did with the Scottish referendum, David Cameron has also pulled it off in the case of Brexit: the possibility that the UK will leave the EU. His negotiations with the EU have been efficient, giving him freedom of action on issues which, in any event, will have to be reformed, like the free movement of citizens.
BARCLAYS | If there is to be a June referendum on the UK’s membership of the European Union, an agreement between the EU and the UK on EU reform needs to be found this month. The 18 – 19 February EU summit is widely perceived to be seen as the best opportunity to strike a deal, though the possibility exists that a deal could be reached at a follow – up extraordinary summit, shortly after.
John Bruton | In June, the people of the United Kingdom may vote to leave the European Union (EU). At the moment, a narrow majority favors remaining in the EU, but a large group is undecided. That group could swing toward a “leave” position for a variety of reasons, including what might be temporary EU problems with refugees. However temporary the reasons might be, a decision to leave would be politically irreversible.
Fernando Barciela | European leaders are upset these days about the possibility of the UK abandoning the EU. But in the end, they seem convinced that this will be avoided.
JOHN BRUTON | With a refugee crisis, a banking union and the prospect of a Brexit, the European Union is faced with a host of questions. The situation was described at the EPP Congress as the “most serious crisis for the European Union since its creation.” This is not an exaggeration.