No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

The UK and the EU announce new deals and renew ties, 5 years after Brexit

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 4 mins read
A A
The UK and the EU announce new deals and renew ties, 5 years after Brexit
Share on FacebookShare on TwitterShare on LInkedIn


Britain’s government said Monday it has struck new agreements with the European Union on boosting defense cooperation, easing food trade and border checks.

Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the U.K. left the EU in 2020.

Starmer hosted European Commission President Ursula von der Leyen and other senior EU officials in London for the first formal U.K.-EU summit since Brexit. Under the deals, a new U.K.-EU defense and security partnership will allow the U.K. to access a EU defense loan program worth 150 billion euros ($170 billion.)

Other agreements include removing some checks on animal and plant products to ease food trade across borders, and a 12-year extension of an agreement allowing EU fishing vessels in U.K. waters.

Live Events

“It’s time to look forward. To move on from the stale old debates and political fights to find common sense, practical solutions which get the best for the British people,” Starmer said. While the EU is the U.K.’s largest trading partner, the U.K. has been hit with a 21% drop in exports since Brexit because of more onerous border checks, laborious paperwork and other barriers. Resetting relations Since becoming prime minister in July, Starmer has sought to reset relations with the EU, following years of tensions in the wake of the U.K.’s 2016 Brexit referendum.

Post-Brexit relations have been governed by a trade agreement negotiated by then Prime Minister Boris Johnson. Starmer thinks that can be improved in a way that boosts trade and bolsters security.

“This is about making people better off, about making the country more secure, about making sure there are more jobs in the U.K.,” Trade Secretary Jonathan Reynolds told Times Radio.

Stronger ties with the EU will bring “more benefits for the United Kingdom” following trade agreements that the U.K. struck in recent weeks with India and the United States, Starmer said.

Non-tariff barriers Though no tariffs are slapped on the export of goods between both sides, an array of non-tariff barriers have made trade more difficult.

Post-Brexit visa restrictions have also hobbled the cross-border activities of professionals such as bankers or lawyers, as well as cultural exchanges, including touring bands and school trips.

Since the Labour Party took power last year after 14 years of Conservative government, a period that was largely marked by upheavals surrounding the Brexit vote and its aftermath, both sides have sought to improve relations.

That’s been most evident in the more coordinated response to Russia’s full-scale invasion of Ukraine in the wake of a change of approach by Washington following the return of U.S. President Donald Trump.

But Starmer has stressed that the U.K. won’t rejoin the EU’s frictionless single market and customs union, nor agree to the free movement of people between the U.K. and the EU.

Security, fishing and youth mobility Talks on strengthening ties have focused largely on security and defense, and on a youth mobility plan that would allow young Britons and Europeans to live and work temporarily in each other’s territory.

That remains a politically touchy issue in the U.K., seen by some Brexiteers as inching back toward free movement – though the U.K. already has youth mobility arrangements with countries including Australia and Canada.

Another issue that has long been a sticking point in U.K.-EU relations is fishing – an economically minor but symbolically important issue for the U.K. and EU member states such as France. Disputes over the issue nearly derailed a Brexit deal back in 2020.

The summit is also expected to cover aligning standards on the sale of agricultural products, which could eliminate costly checks on food products exported across the English Channel.

Thomas-Symonds said he was confident that trade could be improved for food imports and exports.

“We know we’ve had lorries waiting for 16 hours, fresh food in the back not able to be exported, because frankly it’s just going off, red tape, all the certifications that are required, we absolutely want to reduce that,” he told the BBC.

Opposition objects to a ‘surrender’ Some of the trade-offs may prove difficult for Starmer, who faces growing challenges from the pro-Brexit and anti-immigration Reform U.K. party and will likely see accusations of “betraying Brexit,” whatever the outcome of the talks.

Reform, which recently won big in local elections, and the opposition Conservative Party have already called the deal a “surrender” to the EU before any details were confirmed.

Trump, who has backed Brexit, could also be a potential headache for Starmer.

“The reset could still be blown off course by disagreements over how to consolidate existing areas of cooperation like fisheries and/or external factors, such as a negative reaction from the U.S. to the U.K. seeking closer ties with the EU,” said Jannike Wachowiak, research associate at the UK in a Changing Europe think tank.



Source link

Tags: announceBrexitDealsrenewTiesYears
ShareTweetShare
Previous Post

Training Resources And Programs To Help New CFPs Gain Real-World Expertise: The Small-Firm Guide To Associate Advisor Development

Next Post

UK to regulate buy now, pay later firms like Klarna and Affirm

Related Posts

edit post
High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

by TheAdviserMagazine
October 22, 2025
0

Despite signs of moderation in overall housing sales and new project launches across major Indian cities, the luxury housing segment...

edit post
Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

by TheAdviserMagazine
October 22, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

by TheAdviserMagazine
October 22, 2025
0

YXT.com Group Holding Ltd. (NASDAQ: NASDAQ:YXT) said on Wednesday it has regained compliance with Nasdaq’s minimum bid price requirement after...

edit post
Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

by TheAdviserMagazine
October 22, 2025
0

Tesla’s Q3 2025 update reports record vehicle deliveries and record energy storage deployments, alongside higher revenue, but earnings pressure persisted...

edit post
As national debt accelerates to  trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

by TheAdviserMagazine
October 22, 2025
0

The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing...

edit post
Pegasystems signals accelerating Pega Cloud momentum with ACV growth and partner-driven AI innovation (NASDAQ:PEGA)

Pegasystems signals accelerating Pega Cloud momentum with ACV growth and partner-driven AI innovation (NASDAQ:PEGA)

by TheAdviserMagazine
October 22, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

Next Post
edit post
UK to regulate buy now, pay later firms like Klarna and Affirm

UK to regulate buy now, pay later firms like Klarna and Affirm

edit post
In stressful times, working with customers as they prefer builds connection and drives profit

In stressful times, working with customers as they prefer builds connection and drives profit

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
FCA Sues Justin Sun-Linked Crypto Exchange HTX for Unlawful Promotions

FCA Sues Justin Sun-Linked Crypto Exchange HTX for Unlawful Promotions

0
edit post
How to bridge the gap until an inheritance

How to bridge the gap until an inheritance

0
edit post
*HOT* Sorel Women’s Boots as low as .97, plus more!

*HOT* Sorel Women’s Boots as low as $47.97, plus more!

0
edit post
EU’s Complex Plan to Unlock Frozen Russian Assets Is Vital for Financing Ukraine

EU’s Complex Plan to Unlock Frozen Russian Assets Is Vital for Financing Ukraine

0
edit post
Why Cohere’s ex-AI research lead is betting against the scaling race

Why Cohere’s ex-AI research lead is betting against the scaling race

0
edit post
3 High-Growth Tech Stocks Poised to Crush Earnings and Fuel Further Rallies

3 High-Growth Tech Stocks Poised to Crush Earnings and Fuel Further Rallies

0
edit post
High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja

October 22, 2025
edit post
Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

October 22, 2025
edit post
Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)

October 22, 2025
edit post
The Evolution of Resale and Recommerce in Retail

The Evolution of Resale and Recommerce in Retail

October 22, 2025
edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

October 22, 2025
edit post
Shutdown hits breakaway advisors starting RIAs

Shutdown hits breakaway advisors starting RIAs

October 22, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • High-end housing segment remains hot this Diwali even as overall sales cool off, says Samir Jasuja
  • Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets
  • Tesla targets 3M vehicle production within 24 months as full self-driving expansion accelerates (NASDAQ:TSLA)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.