UK and EU reach deal to 'reset' ties at first summit since Brexit
EU and UK negotiators reached agreement on a deal to "reset" their relations post-Brexit, diplomats said, after talks ran into Sunday night to resolve squabbling over key sticking points — with the sensitive matter of fishing rights top of the list.
Ursula von der Leyen, president of the European Commission and Keir Starmer stand together, ahead of their bilateral meeting at the 6th European Political Community summit on May 16 in Tirana, Albania.
Vivek Mishra works as an Assistant Editor with Eastern Eye and has over 13 years of experience in journalism. His areas of interest include politics, international affairs, current events, and sports. With a background in newsroom operations and editorial planning, he has reported and edited stories on major national and global developments.
PRIME MINISTER Keir Starmer was expected to sign a new agreement with the European Union at a summit in London on Monday, marking the first major step towards closer UK-EU ties since Brexit.
EU and UK negotiators reached agreement on a deal to "reset" their relations post-Brexit, diplomats said, after talks ran into Sunday night to resolve squabbling over key sticking points — with the sensitive matter of fishing rights top of the list.
EU diplomats said member states greenlit a trio of texts to be signed at the summit: a Security and Defence Partnership, a statement of EU-UK solidarity, and a Common Understanding on topics including trade, fishing and youth mobility.
The deal comes after Starmer pushed for a reset in UK-EU relations, arguing that the previous deal negotiated by the Conservative government "isn't working for anyone".
Starmer, who came to power in the July general elections, has stated he will not cross several red lines despite seeking closer cooperation with Europe. Some EU demands had remained unresolved, and the move to reset relations has been criticised by the Conservatives, who have called it a "surrender".
A source close to the talks told AFP there was a "late breakthrough last night (and) still steps to take".
The highlight of the summit between Starmer and EU leaders Ursula von der Leyen, Antonio Costa and Kaja Kallas will be the signing of a "Security and Defence Partnership".
Two other documents are also expected: a joint statement of European solidarity from the EU-UK leaders' summit and a Common Understanding on areas including trade, 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, the EU will indefinitely ease red tape on food imports from the UK, according to diplomats.
Negotiators also agreed on broad language around youth mobility, leaving detailed discussions for a later stage. The topic remains sensitive, with concerns in London that a youth mobility scheme could be seen as a step back toward freedom of movement between the UK and EU.
Shadow of Russia, Trump
The summit comes amid growing concerns about security in Europe, the threat from Russia, and uncertainty over US support if Donald Trump returns to the White House.
The new defence partnership is expected to enable more regular security discussions, UK participation in EU military missions, and potential access to a 150-billion-euro ($167-billion) EU defence fund.
However, many of the specific terms are still to be negotiated.
Granting the UK’s defence sector full access to EU programmes will require further discussions.
Britain already shares defence ties with 23 EU countries through NATO, making the defence pact one of the easier parts of the agreement to finalise.
"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 Chatham House.
"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 he appears willing to align with the EU on food and agriculture standards.
Red tape, mobility
"Red tape, all the certifications that are required, we absolutely want to reduce that," said Europe Minister Nick Thomas-Symonds, the UK’s chief negotiator, in an interview with the BBC on Sunday. He said delays at borders were causing food to rot in lorries.
While Starmer has ruled out a return to freedom of movement, he is open to a youth mobility scheme allowing 18- to 30-year-olds from the UK and EU to study and work across both regions.
He is approaching the matter cautiously amid increasing support for Nigel Farage’s Reform UK party, which is opposed to immigration and the EU.
Thomas-Symonds said any such scheme would be "smart and controlled".
He added that the UK is seeking a faster customs lane 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.
£1.3m needed to join Britain’s top 10% of wealthy families
Average worker would need 52 years of savings to match elite wealth
South East wealth nearly triple the North East
Rising wealth divide in UK
British families now need total wealth of £1.3 million to enter the country’s wealthiest 10 per cent, according to new research that highlights the growing financial divide in post-pandemic Britain. The Resolution Foundation’s ‘Before the Fall’ report reveals that Britain’s stock of wealth continued to grow during the pandemic, reaching a new record high of 7.5 times GDP.
Whilst relative wealth inequality has remained high, the absolute wealth gaps between rich and poor families have grown sharply following the unprecedented mix of economic shocks and policy interventions during the Covid-19 pandemic.
The report reveals that a typical worker would need to save 52 years’ worth of their earnings to join the wealthiest 10 per cent. This shows how building wealth has become nearly unachievable for ordinary workers, with riches now concentrated amongst those who already own homes and have large pension pots. The wealth gap between the richest and middle-income households now stands at £1.3 million per adult, showing how the distance between rich and poor has grown dramatically.
Regional wealth divide
The wealth divide extends across regions, with stark disparities between the prosperous South and struggling North. Median wealth per adult in 2020-22 stood at £290,000 in the South East, compared to just £110,000 in the North East – a gap of £180,000.
This regional inequality reflects decades of uneven economic development, with London and the South East benefiting from higher property values and greater access to high-paying jobs, whilst northern regions continue to face lower house prices and fewer economic opportunities.
Wealth concentration persists
Molly Broome, senior economist, at Resolution Foundation said, “Soaring wealth and an acute need for more revenue has prompted fresh talk of wealth taxes ahead of the Budget next month. But with property and pensions now representing 80 per cent of the growing bulk of household wealth, we need to be honest that higher wealth taxes are likely to fall on pensioners, Southern homeowners or their families, rather than just being paid by the super-rich,”.
The findings paint a picture of a nation where wealth accumulation has increasingly become concentrated amongst those who already own property and have pension savings, making it harder for younger generations and those without existing assets to climb the wealth ladder.
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