First thoughts on the EU budget post-Brexit highlight the potential for reform for some of the cornerstones of the union. The Common Agriculture Policy will be scrutinised; there is talk of a Financial Transaction Tax. Attempts to balance the books on both sides of the channel will challenge bureaucrats and politicians, the outcomes underscoring the path the UK and the EU take for years to come.
In this insight Nigel Davis, ICIS insights editor, reviews Europe’s economic performance in spite of uncertainties surrounding how Britain will exit the European Union which weighs heavily on the markets.
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