Tuesday

26th May 2020

Ticker

UK households hit with Brexit income loss

Households in the UK have lost around €1,025 in real income each as a result of Brexit, said Bank of England governor Mark Carney. "Real household incomes are about £900 [€1,025] per household lower than we forecast in May of 2016, which is a lot of money," he told UK Treasury Committee on Tuesday. He said Brexit has knocked off some €45bn from the British economy.

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Agenda

Recovery plans unveiled This WEEK

Tough negotiations start this week on both the EU's recovery fund and its revised long-term budget, which are likely to determine the entire future of the bloc.

Malta patrol boat 'intimidates' capsized migrants

Alarm Phone, a hotline service for migrants in distress, has released video footing showing an Armed Forces of Malta (AFM) boat making dangerous manoeuvres next to people swimming for their lives at sea. Malta does not deny the footage.

Opinion

How coronavirus might hit EU defence spending

Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.

Coronavirus

EU links access to recovery fund to economic advice

Most EU countries are now breach the common fiscal rules, as governments tackle the economic fallout of the coronavirus pandemic. The commission plans to link recovery funds to countries following its budgetary advice - but sanctions seem to be few.

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