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What we termed in our last article “the stumbling block” of Ireland developed into a major crisis for the beleaguered Mrs May, with her EU exit policy halted, her remaining credibility once more questioned and even the survival of her government being doubted. As we write the news is more optimistic, but the past week has again demonstrated her lack of authority.
The question of Ireland, and trade across the intra-Irish border, has become one of the most difficult issues in the Brexit negotiations. It is not only a knotty problem in itself, but is throwing a revealing light on attitudes in both the EU and the UK.
After our recent series on the challenges facing central banks, we continue to get questions about why, when there is so much else for them to worry about, they have such an ongoing concern about inflation.