Eu

In the global market for government debt, worth an estimated $92 trillion (£66 trillion), it amounts to little more than a drop in the ocean. The European Union this week issued the first €20 billion (£17 billion) of bonds to pay for its Coronavirus Rescue Fund. The money itself doesn’t amount to very much one way or another. And yet, the Commission’s President Ursula von der Leyen was surely right when she described it as a ‘truly historic day’. Why? Because, the Commission is already using it to seize control of fiscal policy, just as it used vaccine procurement to take control of health policy. Its enthusiasts have already hailed the

The blame game between London and Brussels over the Northern Ireland protocol obscures the fact that there are solutions waiting to be found. There are, as I say in the Times today, ways to reform the protocol and better protect the Good Friday Agreement while not threatening the integrity of the single market. Three changes would render the protocol far more acceptable Three changes would render the protocol far more acceptable and would better position it to withstand the undoubted pressures it will come under when the EU and UK start to diverge their regulations.  The first of these is a trusted trader scheme for food. This would allow registered

Heinz is expanding a huge factory in the UK. Tesla is reportedly scouting the north for locations for a new car or battery plant. Even the pound is bouncing to three-year highs.  It has been a difficult few weeks for some hardcore Remainers. Still, at least there is finally something to cheer them up. Tim Martin, the pugnacious founder of the pub chain JD Wetherspoon argued today that the government should relax immigration rules to ease a shortage of labour.  For the dwindling band of believers in the EU, it was a gotcha moment. At last, one of the leading backers of our departure from the EU was experiencing some ‘Bre-mourse’.

It is a leading player in finance, and it’s companies are giants in life sciences and consumer goods. There were already lots of similarities between the Swiss and British economies, except that they are quite a bit richer and more successful than we are. Now we have something else in common: we have both been frozen out of the European Union’s Single Market. But hold on. Isn’t there an opportunity there as well? In truth, this would be the perfect moment to offer the Swiss a deal that would work for both sides – a common market. The Swiss have always had a fractious relationship with the EU. It has

The EU’s decision to take control of the vaccine programme was hardly a roaring success. The eurozone’s economy remains stuck in recession. And the EU’s foreign policy is a mess, as events in Belarus have just made clear.  Still, despite the evidence that she isn’t very good at managing anything, no one can argue that the European Union’s president Ursula von der Leyen lacks self-confidence. Last night, she made it clear there could be no possible compromise over the Northern Ireland protocol. The trouble is that she could easily bring the whole trade deal between the EU and the UK crashing down. As so often, the EU is overplaying its

Farms will be devastated. The countryside will be ruined. And we will all be forced to eat weird food that will probably kill us. As the government tries to finalise a free trade deal with Australia, there are already reports of fierce rows over the future of agriculture played out against a backdrop of a angry backlash from the farming lobby.  It’s time for the government so face up to these critics. True, farming is not crucial to the future of the British economy, and neither, as it happens, is trade with Australia. But the principle is important – and if the UK doesn’t embrace free trade then leaving the EU

Might the 2020s be the seismic decade in which the post-war consensus, that liberal democracies do not and should not break apart, is broken? Scotland’s First Minister Nicola Sturgeon certainly thinks so. Her lifelong quest to break up Britain must feel closer than ever after winning last week’s Holyrood elections. But there are hurdles yet to be cleared. Sturgeon insists on an exact repeat of the process that took place after Alex Salmond won an SNP majority in 2011 – even though she did not manage to replicate his success, achieving instead another minority administration. As in the 2011 to 2014 period, she wants the referendum booked and in the