Wednesday 26 July 2017

Cameron to face EU over Brexit

David Cameron. Photo: Jeff Overs/Reuters
David Cameron. Photo: Jeff Overs/Reuters
Donal O'Donovan

Donal O'Donovan

The week's political and economic pivot will be the European Council meeting in Brussels tomorrow and Wednesday, when outgoing British Prime Minister David Cameron will face fellow EU heads of government for the first time since his country voted last Thursday to leave the European Union.

The fall-out from the Brexit vote is likely to dominate what had been due to be an otherwise quiet week for corporate and economic news flow.

Read more: Sterling to slide further as political crisis grips Britain after 'Leave' vote

At home, senior members of the Cabinet, including Michael Noonan and Paschal Donohoe, will attend the National Economic Dialogue (NED) at Dublin Castle, a two-day event starting today being held as part of the new budgetary framework, with the aim of debating economic and social priorities facing the Government ahead of the October Budget.

The session is set to be dominated by the news from the UK, including the implications for spending plans on this side of the border.

Read more: Forget trying to lure London bankers and focus on keeping the UK in single market

Elsewhere, Irish house prices, consumer spending and manufacturing output data, which are all due this week, will provide an insight into the performance of the Irish economic recovery over the first half of the year. However, the likelihood of trends being sustained post Brexit vote must now be in doubt.

Irish Independent

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