Political Fix Is Labour’s post-Brexit reset a victory or a betrayal?
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May 23, 2025 In this engaging discussion, FT correspondent Miranda Green and Peter Foster, the World Trade Editor, unravel the recent UK-EU Brexit deal hailed by Keir Starmer as a triumph, while met with skepticism from critics like Kemi Badenoch. They dissect the political fallout of Labour's strategic moves, including the contentious agreement over the Chagos Islands and its hefty price tag. The episode also dives into the delicate balance of trade negotiations, international relations, and the ongoing challenges Starmer faces as he navigates this complex landscape.
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UK-EU Deal: Modest but Strategic
- The UK-EU deal is a start to re-plumbing post-Brexit relations, including security and trade elements.
- Economically, the impact is small, with only about 0.3% GDP gain, tiny compared to Brexit losses.
Fisheries Agreement: 12-Year Compromise
- The fisheries agreement reset grants EU fishing rights in UK waters for 12 years, avoiding a looming deadline.
- UK fishermen gain market access benefits, balancing the concession and aiding exports like Scottish lobsters.
UK e-Gate Access Limited Now
- Use of EU e-gates by UK travellers depends on member states, with no EU-wide mandate.
- A new entry-exit system requiring fingerprints promises easier e-gate use starting next year.