There's one big issue for the new UK government that stayed below the radar during the election campaign - trade negotiations between the European Union and the United States, known as TTIP, the Transatlantic Trade and Investment Partnership.
The big political parties didn't make much of it during the campaign. Both the Conservatives and Labour are broadly in favour, though the Greens are very critical.
Outside the political arena there are some very strong opinions. Many business voices are enthusiastic, but there is also very vocal opposition.
What is TTIP and what is it for?
The Transatlantic Trade and Investment Partnership, or it will be if the negotiations are completed. The aim is to boost the economies of the EU and the US by removing or reducing barriers to trade and foreign investment.
President Obama said, when the talks were launched, that TTIP would promote "new growth and jobs on both sides of the Atlantic". Critics reject that claim - more of that below.
Barack Obama says TTIP will create jobs
A study by the Centre for Economic Policy Research (CEPR) - done for the European Commission - estimated the potential gains for the EU as up to €119bn (£85bn; $134bn) a year and €95bn (£68bn; $107bn) for the US.
For a family of four that comes to €545 per year in the EU and €655 in the US. Wages would be higher, by 0.5% in the EU and just under 0.4% in the US.
The CEPR has done a more specific estimate of the benefits for the UK, which suggested gains in annual national income of up to £10bn.
How would TTIP work?
By eliminating almost all tariffs (taxes applied only to imported goods) on trade between the US and the EU.
But the tariffs imposed by the US and EU are already relatively low for the most part, although there are some exceptions in, for example, farm produce and textiles.
The bigger gains envisaged would come from reducing what are called non-tariff barriers. In particular the two sides think they can promote trade through what they call regulatory co-operation.
This is about costs to business. Complying with regulations involves a cost. A firm that wants to export may incur further costs meeting the regulatory requirements of the country it's selling into.
The European Commission says that rules in Europe and the US often achieve the same level of consumer safety and product quality, but differ in their technical details and their methods for ensuring that firms have met the rules.
One of the aims of TTIP is to reduce this burden on business. One option is recognising one another's standards. That's under consideration for many types of goods. They also plan to co-operate more closely on new regulation.
That basic idea is that by reducing the cost of exporting, TTIP would encourage more of it.
Read more:
http://www.bbc.co.uk/news/business-32691589
