We start with brexit because while Prime Minister Boris Johnson is working out how he will sell his new brexit deal to Parliament Businesses are weighing up how it could affect future trade between britain and the eu for decades to come thats if the deal gets approved. Mrjohnson has written an open letter to businesses trying to reassure them. It says the deal is the basis for a new relationship with the eu based on free trade and friendly cooperation. In the political declaration the two sides have agreed to aim for a trade deal with no tariffs, fees, charges or quantitative restrictions in other words, avoiding limits on the amount of goods. They have also pledged to ensure a level Playing Field for businesses. This could mean the uk abiding by many eu rules a big concession from the uk side. So what might that mean . The declaration promises both sides will uphold current common high standards on business rules on state aid and fair competiton, as well as employment, the environment
We start in frankfurt, where all eyes are on the European Central bank, as it wraps up one of its most important meetings in years. Later today its expected to take action to try and boost the regions flagging economy. The rate of Economic Growth across the countries that share the euro has slumped to just 0. 2 in the three months tojune. The regions biggest economy germany may well already be in recession. Annual inflation, the rate prices are rising, has also slowed sharply, tojust1 injuly. Thats just half the ecbs target rate and the lowest since 2016. That has raised fears of a return to deflation, where prices actually fall. Its a big worry in europe where levels of debt have soared. Inflation means debts shrink over time, deflation has the opposite effect. So what action will the ecb take . Its likely to cut Interest Rates further. They are already in negative territory. The ecbs deposit rate is already at minus 0. 4 . Meaning banks are charged almost 0. 5 , to keep excess money
We start in the south of france where the seaside city of biarritz is hosting leaders of the g7 group this weekend. The united states, canada, france, germany, italy, japan and the uk. Theyll all be there. On the agenda, inequality, climate change, trade. This is borisjohnsons first g7 as british Prime Minister. He comes fresh from the elysee palace under discussion there was the uks exit deal with the eu. The Sticking Point is the backstop a condition to keep britain in a Customs Union with the eu if a trade deal cant be struck. This week the german chancellor Angela Merkel raised hopes of a compromise inviting the uk to come up with an alternative solution for the irish border. But frances president macron warned any agreement will not be far from the existing deal. Dont forget, trump is in town. The president has held out the the prospect of a very substantial trade deal for the uk with the us post brexit. As our correspondent damien grammaticas explains, the pressure is now very mu
make their last minute pitches across the state. this is the second in a series of state by state contests with donald trump and nikki haley fighting for their party s presidential nomination. that prize will pit them against the democratic choice in november, almost certainly presidentjoe biden. but with a cost of living crisis hitting many americans what are these two candidates saying about economic policy? dr thomas gift is director of the centre on us politics at university college london good to see you again. when it comes to policy it is hard to find what these two are saying at the moment? it find what these two are saying at the moment? at the moment? it is terrific to talk to at the moment? it is terrific to talk to you at the moment? it is terrific to talk to you as at the moment? it is terrific to talk to you as always. - at the moment? it is terrific i to talk to you as always. there is not a whole lot of discussion in terms of policy about the us economy