Breakingviews

Austerity has no place in post-Brexit Britain

June 27, 2016

Chancellor George Osborne has since 2010 aimed to cut public debt and deficits in the name of financial stability. He may now need to row back to cope with any post-vote economic slowdown. Investors’ reaction so far suggests his fiscal rigour was over-zealous in the first place.

Dixon: Follow Merkel on Brexit – and keep cool

June 27, 2016

While other EU leaders are pressing Britain for a quickie divorce, the German chancellor is advocating a more measured approach. This is right. There’s no need to rush as the EU can protect itself from the immediate fallout. There’s even a chance the UK could change its mind.

Europe exit dulls Britain’s appeal to Asia Inc

June 27, 2016

Asian companies have typically viewed the United Kingdom as a stable and open market. Now they must grapple with a weak sterling, political chaos, and likely recession. Until they have more clarity on the terms of future trade with the European Union, investment will suffer.

Cameron exit sends UK towards investability vacuum

June 24, 2016

Prime Minister David Cameron says he will resign. He and his finance minister, George Osborne, stood for competent economic management and stability. Britain lacks obvious replacements who have experience as well as mass appeal. The economy and UK assets will pay the price.

Lesson from Brexit: unthinkable isn’t unpriceable

June 24, 2016

Britain’s referendum decision is an unwelcome blow to an already fragile world economy, but the real change is that it forces companies and investors to reconsider other once-remote risks. A Donald Trump presidency or the break-up of the euro zone may deserve more consideration.

How Europe can contain damage from Brexit

June 24, 2016

There are two ways for the EU to avoid copycat referendums. One is to doggedly insist that free movement and free trade are inseparable. The other is to flex that ideal. Doing so could neutralise populism and avoid a breakup of the euro zone.

Britain has written a cheque it cannot cash

June 24, 2016

The public wants to exit Europe. Political upheaval is likely. Beyond that, Britain’s future ties with the EU depend on whether it enters negotiations feeling economically strong or weak. But the victors will struggle to deliver on promises, and the country is deeply divided.

Cox: How about a referendum on ending referendums?

By Rob Cox
June 23, 2016

Rather than take hard decisions, politicians are putting issues like Brexit, constitutional reform and even peace treaties directly to the people. How democracy works best is an ancient debate, but plebiscites undermine the representative variety. They’re also bad for business.

Stars may finally align against buyout-baron taxes

June 23, 2016

A group of self-proclaimed “patriotic millionaires” wants to close a loophole that allows private-equity partners to pay lower taxes on investment profit. Clinton and Trump both back the idea, too. Though efforts in Congress have failed for years, fresh momentum is building.

Britain’s EU vote: a guide for the perplexed

June 23, 2016

The UK is about to vote on whether to leave the European Union. In many ways, Britain is already a euro-anomaly. Whichever way the public votes, the referendum will leave scars, and usher in big changes that go beyond the EU’s borders – whatever shape those may take.