POLICY COMPASS

BREXIT ENDGAME: Given Covid and Biden’s Election, UK and EU to Eventually Land on a Skinny FTA

by Brunello Rosa and Nouriel Roubini

16 November 2020

In this paper we discuss:

• The latest developments in Brexit negotiations between UK and EU;
• What the remaining sticking points are;
• The terms of a possible deal and the political economy to get there;
• The latest economic assessment of the impact of COVID-19 on the UK economy;
• Why further policy stimulus (fiscal and monetary) is likely to be needed; and
• The market implications of all the above.

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