'Very symbolic and important' first meeting of chancellor and EU finance ministers since Brexit
Monday, 9 December 2024 Chancellor Rachel Reeves has said she is "overwhelmed" by the response to the UK's first attendance at an EU finance ministers' meeting since Brexit.
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves doesn’t say whether the UK believes strikes by the US on Iran were legal. The Chancellor tells broadcasters during a visit in the West Midlands: "It is up to the US to make that case. We were not involved in these actions and, of course, we would never comment on the legal advice that the government receives." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The UK has agreed a deal with the EU for a fluid Gibraltar-Spain border, avoiding checks on people crossing. Gibraltar and Spanish officials will carry out joint checks at the airport, while goods will move freely across the land border. Foreign Secretary David Lammy called it “historic” after years of post-Brexit talks. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
On May 19, the UK and EU signed a pivotal trade deal aimed at slashing post-Brexit barriers in food, drink, and small business exports. UK-EU trade has suffered since Brexit, with UK exports to the EU down 9% and imports down 18% since 2019. The new agreement reduces costly red tape and opens access to the EU’s £150 billion defense fund, offering a boost to UK aerospace. With U.S. tariffs on UK goods still in place, Britain is shifting focus back to the EU for stability and economic resilience.
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Keir Starmer’s government is facing strong criticism after agreeing to a deal that allows EU fishing vessels continued access to UK waters for 12 more years. Scottish fishermen and politicians have slammed the agreement as a betrayal, calling it a “horror show” that endangers local communities and the fishing industry. The Scottish Government and opposition parties accuse UK ministers of ignoring devolved consent and sacrificing fishermen’s interests for political gain. Critics warn the deal risks harming coastal economies and undermines post-Brexit sovereignty.
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