Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

UPDATE: Breakthrough in talks with EU as UK's Starmer seeks reset deal

19th May 2025 07:57

(Alliance News) - UK Prime Minister Keir Starmer has had a breakthrough in his bid to secure a new deal with the EU ahead of a major summit with the bloc, the PA news agency understands.

After government sources said talks were "down to the wire" on Sunday, it is understood there was late progress, although a deal is "not yet done" because there are still outstanding issues on both sides.

Ministers had appeared confident of securing an accord, with Number 10 saying on Saturday the prime minister would "strike a deal" at the first UK-EU summit on Monday.

The summit will see Starmer meet European Commission President Ursula von der Leyen for the second time in four days amid efforts to reach agreement with the EU on a range of issues.

That includes an expected announcement on defence and security, which could feature an agreement allowing British firms access to a EUR150 billion EU defence fund.

Deals on allowing British travellers to use e-gates at European airports, cutting red tape on food exports, and setting up a youth mobility scheme with the EU are also thought to be on the table.

But reports suggest disagreements over fishing rights and youth mobility have presented last-minute stumbling blocks.

Government sources said "huge progress" has been made in agreeing "a mutually beneficial deal with the EU" that would "deliver for British working people".

But they insisted the prime minister has been "clear that he will only agree a deal which delivers in the national interest of the UK".

Both Conservative leader Kemi Badenoch and Reform UK leader Nigel Farage have already described the deal as a "surrender", despite the details not yet being known, and indicated they would tear it up if they came to power.

Youth mobility could prove a major sticking point for the Opposition, and Badenoch said she fears it will involve a return to free movement "by the back door".

The Tories have also set out a series of "red lines" on fishing rights, including ensuring exclusive access to Britain's territorial sea and resisting "a multi-year agreement which only benefits France".

Shadow environment minister Victoria Atkins said: "The Conservatives have always stood up for our coastal communities, and our fishing industries.

"Labour must not throw our fishing rights overboard in their desperation to bail out their failing fiscal policies."

Meanwhile, the Liberal Democrats said Britain should not to be "dragged back" to "the Brexit wars of the past", with leader Ed Davey comparing Badenoch and Farage to "dinosaurs fighting old battles".

He said: "Keir Starmer must be bold and ambitious for our country in today's summit. Voters were promised change by this government, and they have to deliver.

"Being truly ambitious, including a new UK-EU customs union, would be the single biggest thing ministers could do to boost public finances.

"Anything less would be a choice to limit growth, harming living standards and hitting the NHS and other public services."

By Helen Corbett and Christopher McKeon, PA Political Staff

Press Association: News

source: PA

Copyright 2025 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value8,635.56
Change-49.00