UK Debates Joining EU Trade Scheme Amid Backlash
UK Debates Joining EU Trade Scheme Amid Backlash

UK Debates Joining EU Trade Scheme Amid Backlash

News summary

The UK government has been involved in discussions about potentially joining the Pan-Euro-Mediterranean Convention (PEM), a trade agreement that facilitates tariff-free trade across Europe and parts of North Africa. Business Secretary Jonathan Reynolds sees potential benefits without violating Brexit 'red lines', while Labour faces criticism for potentially aligning with EU rules. Labour's openness to exploring the PEM has been met with backlash from both Reform UK and the Conservative Party, who warn against losing Brexit freedoms. However, UK ministers, including Matthew Pennycook and Nick Thomas-Symonds, clarified that the UK currently has no plans to join PEM, despite considering its benefits. Prime Minister Keir Starmer aims to improve UK-EU relations but maintains firm boundaries against rejoining the EU customs union or single market. The EU's trade chief Maros Sefcovic has suggested the UK consider PEM, emphasizing the decision lies with the UK, and the proposal remains under consultation.

Story Coverage
Bias Distribution
50% Center
Information Sources
69912e2f-4396-4f1c-acc4-31f185582a74247a7f2a-20c0-438e-9347-4e4eecdc0f42
Center 50%
Right 50%
Coverage Details
Total News Sources
2
Left
0
Center
1
Right
1
Unrated
0
Last Updated
68 days ago
Bias Distribution
50% Center
Related News
Daily Index

Negative

23Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage

Related Topics

Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News