On Wednesday, 13 September 2017, EU Commission President Jean-Claude Juncker delivered the annual State of the Union address to the European Parliament in Strasbourg. The speech, and the subsequent debate by the European Parliament, are intended to give MEPs the opportunity to review, critique and shape the policy programme of the European Commission for the coming year. The State of the Union has been held annually in September since 2010, when it was instituted by the Lisbon Treaty.
In his address to the Institute, Professor Portes discussed the economic and political implications of Brexit for the UK. He assessed the short-term economic impacts of various scenarios for the current negotiations between the UK and the European Union, ranging from “chaotic Brexit” to a “velvet divorce”. He also examined the longer-term economic impacts on the UK, with a particular focus on immigration and labour mobility.
As a financial services capitol London has benefitted greatly from the UK’s EU membership. However, after the UK leaves the EU in 2019 its financial services sector could lose access to the EU Single Market in services. In his address to the IIEA Jeremy Browne set out the views of the City of London Corporation on the post-Brexit future of London’s financial services sector.
In his address, John Peet discussed the economic outlook for Britain and the European Union, and assessed the implications of the Conservative Party’s performance in the British General Election for the Brexit negotiations. Drawing upon his extensive expertise, he also offered his insights on the future of the EU amid a renewed debate about deepening integration in the euro area.