No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 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
5 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
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

by TheAdviserMagazine
October 26, 2025
0

Shares of mid-tier IT services company Coforge rallied 6% to their day's high of Rs 1,867 on Monday, October 27,...

edit post
Milei’s party on track to win Argentina election in big comeback

Milei’s party on track to win Argentina election in big comeback

by TheAdviserMagazine
October 26, 2025
0

President Javier Milei’s party is on track to finish first in Argentina’s midterm vote in early counting, putting the libertarian...

edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

by TheAdviserMagazine
October 26, 2025
0

The way Saudi entrepreneur Mohammed Aldossary sees it, innovators are animated by the same motivations whether they are in Silicon...

edit post
Here are the major earnings before the open Monday

Here are the major earnings before the open Monday

by TheAdviserMagazine
October 26, 2025
0

Oct. 26, 2025 6:00 PM ETCAJPY, PKX, RVTY, ARLP, CRI, BOH, DQ, DEA, KDPBy: Deepa Sarvaiya, SA News EditorMajor earnings...

edit post
Bed Bath & Beyond Q3 2025 Earnings Preview (BBBY:NYSE)

Bed Bath & Beyond Q3 2025 Earnings Preview (BBBY:NYSE)

by TheAdviserMagazine
October 26, 2025
0

Bed Bath & Beyond (NYSE:BBBY) is scheduled to announce Q3 earnings results on Monday, October 27th, after market close. The...

edit post
49-year-old favorite pizza chain files for Chapter 11 bankruptcy

49-year-old favorite pizza chain files for Chapter 11 bankruptcy

by TheAdviserMagazine
October 26, 2025
0

The pizza restaurant industry is one of the most competitive dining sectors in the U.S., with two pizza giants ranking...

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
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
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 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
High Dividend 50: Blue Owl Capital Corporation

High Dividend 50: Blue Owl Capital Corporation

0
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

0
edit post
Is It OpenSea or Blur?

Is It OpenSea or Blur?

0
edit post
How Many People Actually Work for the U.S. Government? The Latest Shock Figure & What It Means for You

How Many People Actually Work for the U.S. Government? The Latest Shock Figure & What It Means for You

0
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

0
edit post
Asked on Reddit: Should I Pay Off Loans or Save?

Asked on Reddit: Should I Pay Off Loans or Save?

0
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

October 27, 2025
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

October 26, 2025
edit post
Milei’s party on track to win Argentina election in big comeback

Milei’s party on track to win Argentina election in big comeback

October 26, 2025
edit post
HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

October 26, 2025
edit post
Accel and Prosus team up to back early-stage Indian startups

Accel and Prosus team up to back early-stage Indian startups

October 26, 2025
edit post
What Saudi Arabia and Bangladesh can teach Silicon Valley

What Saudi Arabia and Bangladesh can teach Silicon Valley

October 26, 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 Core Of The Peace Proposal
  • Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?
  • Milei’s party on track to win Argentina election in big comeback
  • 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.