
Originally published byThe Guardian
UK had been pushing to join โฌ150bn Safe fund, a loan scheme that is part of blocโs drive to rearm Europe
Keir Starmerโs bid to reset relations with the EU suffered a major blow on Friday, after negotiations for the UK to join the EUโs flagship โฌ150bn (ยฃ131bn) defence fund collapsed.
The UK had been pushing to join the EUโs Security Action for Europe (Safe) fund, a low-interest loan scheme that is part of the EUโs drive to boost defence spending by โฌ800bn and rearm the continent, in response to the growing threat from Russia and cooling relations between Donald Trumpโs US and the EU.
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