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Economy

UK, EU announce new deals, renew ties, 5 years after Brexit

Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the UK left the EU in 2020.

News Arena Network - London - UPDATED: May 19, 2025, 05:45 PM - 2 min read

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Britain's government said on Monday it has struck new agreements with the European Union on boosting defence cooperation, easing food trade and border checks.

 

Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the UK left the EU in 2020.

 

Also read: Trump’s tariff onslaught may imperil European economy

 

Under the deals, a new UK-EU defence and security partnership will allow the UK to access a EU defense loan program worth 150 billion euros (USD 170 billion.) Other agreements include removing some checks on animal and plant products to ease food trade across borders, and a 12-year extension of an agreement allowing EU fishing vessels in UK waters.

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