Next Tuesday, Theresa May, the UK Prime Minister, is to give a speech billed as setting out her government's priorities for Brexit. Reading the tea leaves, however, suggests that the governments negotiating priorities have been clear for some time. It therefore seems almost certain that Britain will leave the single market as the price for regaining control over immigration. But Britain would also like to avoid the imposition of tariffs on trade this would imply.
One possibility would be an arrangement centred on continued membership of the European customs union. This would enable Britain to control immigration and avoid the need to pay into the EU budget. But there is never a free lunch and membership of the customs union would appear to preclude the ability to sign bilateral trade agreements with other countries. Hence, the UK seems to be aiming for some form of bespoke customs agreement with the EU, rather than remaining in the EU customs area.
Table Of Contents
Weekly Economic Briefings > Eurozone Weekly Economic Briefing The following represents a general Table of Contents outline for the Eurozone Weekly Economic Briefing. The actual report may cover any or all of the topics listed below.
Eurozone Weekly Economic Briefings
Lead Articleand#58; Two to five page briefing headed by a synopsis of events-driven analysis for the week, which highlights most recent data releases, and political and economic developments.
Historical, forecast, and analytical charts and graphs support the lead article. Country specific and/or Eurozone charts include the most relevant indicators and exemplify any changes in the outlook. The historical charts typically offer a 10 to 15 year time series and cover headline and other relevant indicators including GDP, employment, inflation, exchange rate changes, consumer and business confidence, developments in the capital markets, the composition of sovereign debt including amortization schedules and changes in yields, economic outlook by sector, etc. The forecast charts typically look out to four years ahead. In addition, analytical graphics clearly present empirical evidence supporting the text.
Latest Data in Detailand#58; One to two pages of summary analysis and associated graphics that offer a 10 to 15 year snapshot of the week's data releases. .
The Week Aheadand#58; A chart of scheduled data releases including the last release and consensus forecast.
Key Indicatorsand#58; Eurozone table showing monthly percentage changes for the past year for the followingand#58; Industrial production; unemployment; CPI; business and consumer confidence; and trade.
Financial Indicatorsand#58; Eurozone table showing monthly percentage changes for the past year for interest and exchange rates, money supply, share price indices and net foreign direct investment.