Latest news with #BritishProducers
Yahoo
17-05-2025
- Business
- Yahoo
UK PM Starmer to agree deal to strengthen EU partnership, his office says
LONDON (Reuters) -British Prime Minister Keir Starmer is set to agree a deal next week to strengthen the country's post-Brexit partnership with the European Union and to facilitate trade in some food products, his office said on Saturday. Starmer will welcome EU leaders to London on Monday to help reset relations with the bloc, with both sides aiming to secure progress in specific areas while others will remain off-limits. Britain left the EU in 2020, but Starmer has been trying to boost ties with the country's biggest trading partner since his centre-left Labour Party won last year's national election. The summit will result in a deal, his office said, though it provided few details beyond saying it would improve the situation for British producers currently facing checks on products or unable to export, and also that it would ease matters for families facing higher bills and queues when travelling. "This week, the Prime Minister will strike yet another deal that will deliver in the national interest of this country. It will be good for growth, good for jobs, good for bills, and good for our borders," Starmer's 10 Downing Street office said in a statement. Starmer on Friday raised the prospect that a youth mobility deal with the European Union would be struck at the summit. Brexit has grown increasingly unpopular with the British electorate, opinion polls suggest, with the economy faring poorly in recent years and international trade a particular weak spot. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
South China Morning Post
14-05-2025
- Business
- South China Morning Post
Britain has capitulated to Trump's coercive trade. Others must resist
The UK-US trade deal, trumpeted by President Donald Trump as a grand achievement, is no triumph of statecraft. It is a hollow spectacle , political theatre masquerading as economic progress. For Britain, it lays bare the perils of negotiating from weakness. For other major economies – the European Union Japan or China – it stands as a cautionary tale. They must heed Britain's experience: strength, not desperation, must define their approach; substance, not optics, must be their demand. Strip away the bombast, and the deal reveals itself as lopsided. Britain receives some relief on tariffs on cars and steel, and secures modest access to US markets for agricultural goods but at a steep cost: acquiescence to stringent American standards that threaten to undercut its own producers. Meanwhile, a 10 per cent tariff persists on most British exports, still higher than a few months ago. In return, the US gains expansive entry into British markets – pharmaceuticals, technology services – offering little in meaningful reciprocity. The UK government said the deal was needed to save up to 150,000 jobs. This is not the art of the deal – it is a strategic capitulation. But Britain is vulnerable – born of post-Brexit isolation . Having cast off the EU, the country drifts economically, burdened by a shrinking economy and rising unemployment.
