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IPPR proposes creation of ‘shared market’ for UK and EU

IPPR proposes creation of ‘shared market’ for UK and EU

Business
A think tank is proposing a post-Brexit trading deal based on the UK and the EU sharing each other's markets.It would see the UK and EU continuing the regulatory alignment that exists today, and the formation of a new customs union similar to the existing one, the centre-left IPPR said.It would allow tariff-free trade, and the UK to benefit from EU trade deals.IPPR director Tom Kibasi said it "honours the referendum result" while securing Britain's economic interests.The group said that the EU would also benefit from the scale of the UK's economy in future trade negotiations.The group believes that a new shared market model would aim to keep the benefits of single market while allowing divergence from EU rules over timeThe proposal would mean no interruption to the UK's trade with the EU a...
An overhaul of Brazilian labour law should spur job creation

An overhaul of Brazilian labour law should spur job creation

Finance
IN THE litany of bosses’ gripes about Brazil’s inclement business climate, rigid labour laws vie for pride of place with its convoluted tax laws and its licensing rules (on everything from health and safety to protection of cultural heritage). No wonder: Brazil ranks a miserable 117th out of 138 countries on labour-market efficiency, according to the World Economic Forum. Its rigid labour law was transplanted from Benito Mussolini’s Italy in 1943. Employers find it thoroughly unsuited to a modern economy and cheered on July 13th, when the president, Michel Temer, signed into law the biggest overhaul of the unwieldy statute in 50 years.The reform is a big victory for the unpopular Mr Temer, who is under investigation in a corruption scandal (he denies wrongdoing). It introduces more flexibl