However, opinion polls in Britain have had a relatively poor track record recently, raising expectations that this election could again spring a surprise. Many economists have warned about the impact on the British economy — the world’s fifth-biggest — of leaving the EU’s single market, which enshrines freedom of movement for goods, services, capital and people. Labour, under radical left-winger Jeremy Corbyn, says Britain should keep the benefits of being in the single market. But that aim jars with his commitment to end freedom of movement for EU workers to come to Britain, which other EU countries insist is non-negotiable for single market membership. The ECB could honor this progress by adapting a balanced risk assessment, dropping a long-standing negative view on risks to growth.

Source: Egypt Independent June 03, 2017 11:15 UTC