The Centre for European Reform estimates that leaving the single market and customs union has reduced UK trade in goods by £10 billion or 13.5 per cent in May 2021.
The scale of Biden’s spending plans means the US economy will recover much faster than Europe’s. Yet in many ways it is the European economy that is in greater need of stimulus.
The EU is angling to set a rulebook for digital markets which could be adopted around the world. To achieve this, its draft regulations need improvement.
The US wants the UK to diverge from EU food hygiene rules and to prioritise political and economic stability in Northern Ireland. But what if the UK can’t do both?
The recent G7 deal will not bolster the European Commission’s broader efforts to fight aggressive tax practices. The Commission needs political realism and more modest aims to make headway.
Recent gaffes by Ursula von der Leyen and Josep Borrell, over COVID-19 vaccination roll-out and Russia policy respectively, have irritated member-states.
A leaked draft of the EU’s CBAM regulation provides fresh insights into what the Commission plans to do. But it also raises a number of tricky questions.
EU-Turkey tensions have cooled since last summer. Relations are unlikely to improve as long as Ankara's domestic and foreign policies continue to cause friction with many member-states.
Biden is America’s most Atlanticist president since Bill Clinton. Europe and the US will not see eye-to-eye on everything, but they should not waste this chance to strengthen their partnership.
Corruption is a problem for the European Union and endangers the rule of law. To protect EU money and stop democratic backsliding, the EU needs better anti-graft plans.
The EU risks being caught between an increasingly hostile US and China. It must manage relations with both in order to protect the rules-based global order.
