Brexit will be catalyst for UK's economy, says Hunt
Video Credit: ODN - Duration: 01:59s - Published
Brexit will be catalyst for UK's economy, says Hunt
Chancellor Jeremy Hunt says Brexit will become a catalyst for bold choices in growing the UK's economy as he sets out a framework of the country's four priorities: enterprise, education, employment and everywhere.
Report by Alibhaiz.
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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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