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The EU and UK have initiated a “reset” of their relationship, marked by a three-part agreement focusing on security, defense, and improved trade in agrifoods and electricity. While Sir Keir Starmer claims the deal could boost the economy by £9bn over 15 years, analysts argue it only partially addresses Brexit’s economic impact, projecting a long-run GDP hit of 4%. Key elements include a veterinary agreement to ease agrifood exports and a 12-year extension of EU fishing access to UK waters, alongside efforts to reintegrate the UK into the EU’s energy market, potentially generating significant savings for consumers.
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