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Will EU deal make food cheaper, add $12bn to the UK economy? | Agriculture News

20 May 2025
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Will EU deal make food cheaper, add bn to the UK economy? | Agriculture News
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UK Prime Minister Keir Starmer has unveiled a “landmark deal” with the EU, establishing a new security and defence pact, easing restrictions on food exports, and introducing a contentious fishing agreement. The agreement aims to enhance collaboration, reduce agricultural red tape, and potentially boost the economy by £9 billion by 2040, but it faces criticism from the Conservative Party and the Reform UK party, who argue it compromises Brexit principles by aligning with EU regulations and extending fishing rights for 12 years. Despite this backlash, Starmer maintains his commitment to not rejoining the EU single market or customs union.

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Tags: 12bnAddagricultureBrexitBusiness and EconomyCheaperdealEconomyEuropeFoodInternational tradeNewsPoliticsUnited Kingdom
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