No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, December 8, 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

U.K. and EU set to reveal new deal—opening up a new chapter after Brexit after ‘late breakthrough’

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 3 mins read
A A
U.K. and EU set to reveal new deal—opening up a new chapter after Brexit after ‘late breakthrough’
Share on FacebookShare on TwitterShare on LInkedIn



UK Prime Minister Keir Starmer was set to seal a deal for closer ties with the European Union at a landmark summit on Monday, opening a new chapter after Britain’s acrimonious exit from the bloc five years ago.

EU diplomats said on Monday a deal had been reached on resetting ties with the UK after late night talks to resolve differences on key sticking points.

EU member states had approved a trio of texts to be signed, particularly on defence, and, after a last-minute breakthrough, the thorny issue of fishing rights.

Starmer has pushed for closer UK ties with its European neighbours. The Labour government argues the EU deal negotiated with the UK’s previous Conservative government “isn’t working for anyone”.

But Starmer, who came to power in last July’s general elections ousting the Conservative Party, has several red lines he has said he will not cross.

Sticking points have remained over some EU demands and the Conservatives are already criticising the reset move as a “surrender”.

A source close to the talks told AFP that there was a “late breakthrough last night (and) still steps to take”.

The two sides would ink the “Security and Defence Partnership” — the highlight of Monday’s sit-down between Starmer and EU leaders Ursula von der Leyen, Antonio Costa and chief diplomat Kaja Kallas.

Two other documents are expected on Monday — a joint statement of European solidarity from the EU-UK leaders’ summit and a Common Understanding on topics from trade to fishing and youth mobility.

Under the final agreement, Britain will keep its waters open for European fishermen for 12 years after the current deal expires in 2026, in return for the 27-nation bloc indefinitely easing red tape on food imports from the UK, diplomats said.

On the issue of youth mobility, negotiators agreed to general wording that leaves the haggling for later.

The issue is another main source of friction, with London fearing any youth mobility scheme could spell a return to freedom of movement between the EU and the UK.

Shadow of Russia, Trump

The talks come as the EU and Britain race to rearm in the face of the threat from Russia and fears that under President Donald Trump the United States will no longer help protect Europe.

The defence partnership should mean more regular security talks, Britain possibly joining EU military missions and the potential for London to fully tap into a 150-billion-euro ($167-billion) defence fund being set up by the bloc.

But much of the detail is likely to be filled in later.

Giving the UK and its defence industry unfettered access to the EU programmes, for instance, would require further agreement.

Britain already has intertwined defence ties with 23 EU countries in NATO, so the defence pact was always seen as the easiest deal on the table.

“I think we should keep our sense of the importance of this relatively tempered,” said Olivia O’Sullivan, director of the UK in the World programme at the Chatham House think-tank.

“It’s the next step in closer cooperation… but not a resolution of many of the outstanding questions,” she told AFP.

Starmer has ruled out rejoining the EU customs union and single market but appears ready to align with the EU on food and agricultural products.

Red tape, mobility

“Red tape, all the certifications that are required, we absolutely want to reduce that,” Europe Minister Nick Thomas-Symonds, the UK’s chief negotiator, told the BBC on Sunday, describing how food was rotting because lorries were waiting hours to cross borders.

Starmer has also rejected a return to freedom of movement but is open to a limited youth mobility scheme that would allow some British and European 18- to 30-year-olds to study and work in the UK and vice versa.

Starmer is approaching the issue cautiously amid rising support for Nigel Farage’s hard-right anti-immigration and Euro-sceptic party Reform UK.

Thomas-Symonds said any scheme would be “smart and controlled”.

He also said London was seeking a faster customs track for British nationals at EU borders.

“We want British people who are going on holiday to be able to go and enjoy their holiday, not be stuck in queues,” he said.

This story was originally featured on Fortune.com



Source link

Tags: BreakthroughBrexitChapterdealopeningLaterevealsetU.K
ShareTweetShare
Previous Post

Berlin’s Emerge Tech raises funds from HTGF and Heimatboost

Next Post

6 officials of IndusInd Bank under investigation for insider trading: Reports

Related Posts

edit post
The workforce is becoming AI-native. Leadership has to evolve

The workforce is becoming AI-native. Leadership has to evolve

by TheAdviserMagazine
December 8, 2025
0

One of the most insightful conversations I have had recently about artificial intelligence was not with policymakers or peers. It...

edit post
Budget imposes surtax on gains from investment homes

Budget imposes surtax on gains from investment homes

by TheAdviserMagazine
December 8, 2025
0

A change contained in the 2026 state budget could mean a substantial interest in capital gains tax for sellers...

edit post
Nischal Maheshwari flags long-term risks for InterGlobe despite market share strength

Nischal Maheshwari flags long-term risks for InterGlobe despite market share strength

by TheAdviserMagazine
December 8, 2025
0

In the aftermath of Friday’s rate cut, several key sectors are witnessing renewed investor focus, from banking and manufacturing to...

edit post
Binance has been proudly nomadic for years. A new announcement suggests it’s chosen an HQ

Binance has been proudly nomadic for years. A new announcement suggests it’s chosen an HQ

by TheAdviserMagazine
December 7, 2025
0

For years, Binance has dodged questions about where it plans to establish a corporate headquarters. On Monday, the world’s largest...

edit post
ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi

ETMarkets Smart Talk| Markets at an inflection point; expect 40–50% gains over 36 months: ASK Hedge Solutions’ Vaibhav Sanghavi

by TheAdviserMagazine
December 7, 2025
0

As Indian equities scale fresh record highs to close out the year, market sentiment is turning decisively optimistic. But is...

edit post
Is Corona Remedies’ IPO a compelling bet for long-term wealth creation?

Is Corona Remedies’ IPO a compelling bet for long-term wealth creation?

by TheAdviserMagazine
December 7, 2025
0

ET Intelligence Group: Corona Remedies, a pharma company, plans to raise Rs 655.4 crore through an offer for sale. The...

Next Post
edit post
6 officials of IndusInd Bank under investigation for insider trading: Reports

6 officials of IndusInd Bank under investigation for insider trading: Reports

edit post
Inside the Mysterious World of Credit Cards (with Patrick McKenzie)

Inside the Mysterious World of Credit Cards (with Patrick McKenzie)

  • Trending
  • Comments
  • Latest
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
How to Make a Valid Will in North Carolina

How to Make a Valid Will in North Carolina

November 20, 2025
edit post
8 Places To Get A Free Turkey for Thanksgiving

8 Places To Get A Free Turkey for Thanksgiving

November 21, 2025
edit post
Could He Face Even More Charges Under California Law?

Could He Face Even More Charges Under California Law?

November 27, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
Cultural Touchpoints for 2024 SSDI Application

Cultural Touchpoints for 2024 SSDI Application

0
edit post
The workforce is becoming AI-native. Leadership has to evolve

The workforce is becoming AI-native. Leadership has to evolve

0
edit post
A snapshot of CrowdStrike’s Q3 2026 earnings report

A snapshot of CrowdStrike’s Q3 2026 earnings report

0
edit post
When the Equity Premium Fades, Alpha Shines

When the Equity Premium Fades, Alpha Shines

0
edit post
Budget imposes surtax on gains from investment homes

Budget imposes surtax on gains from investment homes

0
edit post
Mortgage Rates Today, Friday, December 5: Higher Again

Mortgage Rates Today, Friday, December 5: Higher Again

0
edit post
The workforce is becoming AI-native. Leadership has to evolve

The workforce is becoming AI-native. Leadership has to evolve

December 8, 2025
edit post
Budget imposes surtax on gains from investment homes

Budget imposes surtax on gains from investment homes

December 8, 2025
edit post
Bitcoin To Hit  Million By 2041, Says EMJ Capital CEO

Bitcoin To Hit $50 Million By 2041, Says EMJ Capital CEO

December 8, 2025
edit post
Nischal Maheshwari flags long-term risks for InterGlobe despite market share strength

Nischal Maheshwari flags long-term risks for InterGlobe despite market share strength

December 8, 2025
edit post
Italy Declares Central Bank Held Gold An Asset Of The People

Italy Declares Central Bank Held Gold An Asset Of The People

December 8, 2025
edit post
Binance has been proudly nomadic for years. A new announcement suggests it’s chosen an HQ

Binance has been proudly nomadic for years. A new announcement suggests it’s chosen an HQ

December 7, 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

  • The workforce is becoming AI-native. Leadership has to evolve
  • Budget imposes surtax on gains from investment homes
  • Bitcoin To Hit $50 Million By 2041, Says EMJ Capital CEO
  • 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.