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Can a Labour prime minister get on well with a Republican US president? Or a Conservative PM with a Democrat in the White House?

The short answer is yes, absolutely.

There are plenty of examples of a good relationship and close bond between a Labour prime minister and Republican president. And vice versa.

Indeed, some prime ministers and presidents from seemingly opposing political parties have bonded for the simplest or most trivial reasons. Cigars, toothpaste and burgers, for example.

And it’s not always rosy between prime ministers and presidents of the two sister parties. There have been some big fallings out: over Suez, Vietnam and the Caribbean island of Grenada.

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Starmer says the ‘special relationship’ is ‘as important today as it has ever been’

But never has a British Labour prime minister faced such special challenges in maintaining the “special relationship” with a Republican president as Sir Keir Starmer does right now.

It’s not just policy differences – on issues such as trade tariffs, Ukraine, Israel, defence spending, Brexit and climate change – that divide Downing Street and the White House right now.

More on Donald Trump

Never before has an incoming president faced such a tirade of brutal insults from senior members of a UK government like those hurled at him by leading members of Sir Keir’s cabinet.

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Meet the Trumps – a White House family business?
Trump still faces criminal charges – here’s what happens next
US talk show host on verge of tears after Trump win

He’s a “racist KKK and neo-Nazi sympathiser”, (David Lammy, 2017), an “odious, sad little man”, (Wes Streeting, 2017) and “a racist misogynistic, self-confessed groper”, (Ed Miliband, 2018). And that’s just a sample.

That’s not all. Last month, the Republican Party filed a legal complaint after almost 100 Labour Party aides flew to the US to campaign for Kamala Harris, alleging “blatant foreign interference” in the presidential election.

Critics, led by the new Tory leader Kemi Badenoch, have accused Sir Keir and his party of playing student politics by picking a fight with the most powerful man in the world. And someone who’s notoriously vindictive.

It was all very different 80 years ago (critics would also say that political leaders were real statesmen back then).

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Badenoch calls out Lammy at PMQs

The phrase “special relationship”, describing the alliance between the UK and US, was first used by Winston Churchill in a speech in Missouri in 1946, in which he also coined the phrase “the Iron Curtain”.

That speech was introduced by president Harry Truman, a Democrat, with whom Churchill had attended the Potsdam Conference in 1945 to negotiate the terms of the end of the Second World War.

They were close friends and would write handwritten letters to each other and addressed one another as Harry and Winston. Truman was also the only US president to visit Churchill at Chartwell, his family home.

Churchill also had a close relationship with another Democrat president, Franklin D Roosevelt. Their close bond during the Second World War was described as a friendship that saved the world.

Prime Minister Winston Churchill, left, of Great Britain and President Franklin Roosevelt faced reporters at the White House in Washington on Dec. 23, 1941 at a press conference in which the heads of two great world powers linked in a common war expresses confidence in victory. Churchill, with his customary black cigar, emphasizes his reply to a question with a gesture. (AP Photo)
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Prime minister Winston Churchill and president Franklin Roosevelt at the White House in Washington on 23 December, 1941. Pic: AP

One reason they got on famously was that they were both renowned cigar smokers. Like Churchill, Roosevelt’s cigar smoking was a widely reported part of his public persona after he became president.

But after Churchill’s bromances with Democrat presidents, his Conservative successor Anthony Eden fell out badly with the Republican president Dwight Eisenhower over the Suez Crisis in the mid-1950s.

And it was a Conservative prime minister and a Democrat president with seemingly nothing in common, the stuffy and diffident Harold Macmillan and the charismatic John F Kennedy, that repaired the damage.

“Between them they had rescued the special relationship after the rupture of the Suez Crisis, and done so at a time of uniquely high tensions around the world,” wrote British author Christopher Sandford in Harold And Jack, The Remarkable Friendship Of Prime Minister Macmillan And President Kennedy.

Harold Macmillan John F. Kennedy at Andrews Air Force Base.
Pic AP
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Harold Macmillan and John F Kennedy at Andrews Air Force Base. Pic: AP

It was the early 1960s and these were dangerous times, rather like now, of course. Back then it was the Berlin Wall, the Cuban missile crisis and threat of nuclear weapons.

“Through it all, the two leaders had exchanged not only formal messages but also a steady flow of handwritten notes, Christmas and birthday cards, congratulations, and, on occasion, condolences,” Sandford wrote.

But it was a relationship abruptly cut short in 1963, by “super Mac’s” demise caused by the John Profumo sex scandal and then JFK’s assassination in Dallas just a month later.

“Like many of those who came into the Kennedys’ orbit,” the Washington Post wrote, “Macmillan was enchanted by Jacqueline Kennedy, and she seems to have happily entered into a father-daughter relationship with him that lasted long after her husband’s assassination.”

John F. Kennedy with John Diefenbaker and  Harold MacMillan, during luncheon at Balhi Hai, Bermuda in 1962.
Pic: AP
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John F Kennedy with Harold MacMillan, during lunch in Bermuda in 1962. Pic: AP

After Kennedy, the so-called “special relationship” cooled once again during the tenure of Labour’s Harold Wilson and Democrat Lyndon Johnson, when Wilson rejected pressure from Johnson to send British troops to Vietnam.

And even though Margaret Thatcher and Ronald Reagan were ideological soulmates, Thatcher was furious when she wasn’t consulted before the Americans invaded Grenada in 1983 to topple a Marxist regime.

Even worse, according to Thatcher allies, a year earlier Reagan had stayed neutral during the Falklands war. Reagan said he couldn’t understand why two US allies were arguing over “that little ice-cold bunch of land down there”.

Margaret Thatcher admiring Ronald Reagan's bear design silver cufflinks when the former California Governor visited her office.  She is holding a silver dollar medallion presented to her by Mr Reagan.
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Margaret Thatcher was frustrated with Ronald Reagan over his position on the Falklands. Pic: PA

Long before the accusations of Starmer’s Labour meddling in the Trump-Harris election, the Tories were accused of dirty tricks in the Bill Clinton-George HW Bush presidential election of 1992.

During the campaign the Home Office checked immigration nationality records to see whether Clinton applied for British citizenship while a student at Oxford University to escape the Vietnam draft. It wasn’t true.

US President Bill Clinton, left, toasts with British Prime Minister John Major during a formal dinner at the Prime Minister's official residence at No. 10 Downing Street, November 29
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US president Bill Clinton held a toast with John Major during a dinner at Downing Street. Pic: PA

Then prime minister John Major issued a grovelling public apology and Clinton was forgiving. In 1994 the “special relationship” received a huge boost when the president took Major to the home in Pittsburgh where his grandfather and father lived and worked.

Then it was back to Washington where Major became the first foreign leader to stay overnight in the Clinton White House. But as well as the flattery, the pair worked closely in the early stages of the Northern Ireland peace process.

Clinton’s political soulmate, of course, was Tony Blair. They were as close as Reagan and Thatcher. But it was with the Republican George HW Bush that Labour’s Blair embarked on the defining mission of his premiership, the Iraq war.

Tony and Cherie Blair accompany U.S. President Bill Clinton and Hillary Clinton as they depart the White House February 6 enroute the presidential retreat at Camp David. The Blairs will spend Friday night and Saturday night with the Clintons at Camp David before leaving Washington early Sunday morning...CLINTON BLAIR
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The Blairs spent two nights with the Clintons at Camp David. Pic: AP

George “Dubya” Bush had defeated Clinton’s vice president Al Gore in the bitterly contested presidential election of 2000 and in early 2001 he entertained Blair at Camp David. It was to prove to be a historic encounter.

“He’s a pretty charming guy,” the president gushed at their news conference. “He put the charm offensive on me.” How many times have we heard that said about Tony Blair?

Then it got deeply personal. They were asked if they’d found something in their talks that they had in common. “Well, we both use Colgate toothpaste,” the president replied.

Quick as a flash, an embarrassed Mr Blair intervened: “They’re going to wonder how you know that, George.”

President George W. Bush and British Prime Minister Tony Blair walk together as they tour the grounds of Camp David February 23, 2001. The meeting is Bush's first with a European leader as he and Blair seek to reaffirm the special relationship which exists between the U.S. and Britain.
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Tony Blair and George Bush first met in 2001. Pic: Reuters

The war was the turning point of Blair’s decade in Number 10. He was branded a liar over claims about Saddam Hussein’s “weapons of mass destruction”, he was vilified by the Labour left and it was the beginning of the end for him.

Some years later, the Tory prime minister sometimes called the “heir to Blair”, David Cameron, bonded over burgers with the Democrat president Barack Obama, serving a BBQ lunch to military families in the Downing Street garden.

Britain's Prime Minister David Cameron (L) and U.S. President Barack Obama serve food to a guest at a barbecue in the garden of 10 Downing Street, in central London May 25, 2011. U.S. President Barack Obama and British Prime Minister David Cameron on Wednesday will stress a united effort to pressure Libyan leader Muammar Gaddafi to step down, while glossing over differences between their two governments. REUTERS/Matt Dunham/Pool (BRITAIN - Tags: POLITICS IMAGES OF THE DAY)
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David Cameron and Barack Obama served burgers to guests in the Downing Street garden in 2011. Pic: Reuters

They seemed unlikely allies: Obama the first African-American president and Cameron the 19th old Etonian prime minister. It was claimed they had a “transatlantic bromance” in office.

The two leaders were often pictured together playing ping-pong or golf, eating burgers or watching a basketball game. “Yes, he sometimes calls me bro,” Cameron once said of president Obama.

Cameron even persuaded Obama to help the Remain campaign in the 2016 Brexit referendum, when he claimed the UK would be “at the back of the queue” on trade deals with the US if it left the EU.

U.S. President Barack Obama and British Prime Minister David Cameron smile after Obama missed a putt during a round of golf at The Grove golf course in Watford, England April 23, 2016.REUTERS/Kevin Lamarque
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David Cameron and Obama also enjoyed a round of golf. Pic: Reuters

Which brings us, neatly, to Sir Keir and president-elect Trump and the prime minister’s hopes of building a special relationship.

On the plus side, the president likes the UK – his mother was Scottish and he owns two golf courses in Scotland. And we’re told by Sir Keir that the dinner at Trump Tower in September went well. The mouthy Mr Lammy admitted he was even offered a second portion of chicken. “He was very gracious,” he claimed.

On the other hand, neither the prime minister nor the president smoke cigars, like Churchill and Roosevelt did. We’re not sure which toothpaste they use, unlike Bush and Blair, either.

Donald Trump works behind the counter during a visit to McDonald's in Feasterville-Trevose.
Pic Reuters
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Donald Trump served fries to customers at a fast food chain during the election campaign. Pic: Reuters

And while the president obviously likes burgers – he famously flipped them in a McDonald’s during the election campaign – and steak, well done, with ketchup, Sir Keir is vegetarian, though he does eat fish.

But if even a stuffy old toff like Harold Macmillan can get on well with the flamboyant JFK and glamorous Jackie Onassis, there’s hope for Sir Keir and that much-vaunted “special relationship”.

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Who’s got the charm, cash and code to be a crypto hub?

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Who’s got the charm, cash and code to be a crypto hub?

Who’s got the charm, cash and code to be a crypto hub?

Kazakhstan, the Maldives and Pakistan have recently outlined ambitions to position themselves as crypto hubs and build out their digital economies.

Historically, these countries haven’t been top of mind for global crypto firms — though Kazakhstan did have a brief moment in the spotlight as a go-to destination for Bitcoin (BTC) miners after China’s mining ban.

Meanwhile, established financial centers are now in a race to become the world’s leading crypto hub by finding the right balance of regulation, talent, capital and infrastructure.

Here’s how five of them are backing their crypto dreams.

Singapore is the crypto hub with parental guidance

Singapore has long stood out as a financial hub, bolstered by its AAA credit rating, low corporate tax rates and pro-business regulations. With the emergence of digital assets, the Lion City is among the front-runners in the crypto hub race.

Singapore was among the early movers in crypto regulation. Its Payment Services Act (PSA) of 2019 — enacted in 2020 — was one of Asia’s first comprehensive legal frameworks that covered crypto activities. 

The PSA uses the term “digital payment token” (DPT) to define digital representation of value that can be transferred, stored or traded electronically — like crypto.

At the time of writing, there are 33 DPT service providers licensed by the Monetary Authority of Singapore (MAS), the city-state’s central bank. Casper Johansen, co-founder of Singapore- and Hong Kong-based Spartan Group, said license approvals have moved at a measured pace, giving faster-moving hubs like Dubai room to catch up.

“Singapore is more of an institutional financial hub than a retail financial hub,” Johansen said, alluding to the city-state’s limitations on crypto marketing to retail investors.

Who’s got the charm, cash and code to be a crypto hub?
Singapore’s retail crypto promotion ban includes social media influencer marketing and third-party websites. Source: Monetary Authority of Singapore

“The ban on marketing to retail has not affected Singapore’s position as a global crypto hub. Crypto firms set up in Singapore for the low and transparent taxes, strong regulatory framework and rule of law, world-class professional services, ease of living and global connectivity,” Johansen added.

But cracks have emerged recently, particularly around immigration and hiring policy. In late 2024, concerns flared when the CEO of blockchain analytics firm Nansen, Alex Svanevik, shared that he was denied permanent residency. The government has ramped up efforts to prioritize local hiring amid growing political sensitivity over foreign labor.

Who’s got the charm, cash and code to be a crypto hub?
Nansen CEO’s permanent residency rejection highlighted Singapore’s tight visa and immigration environment. Source: Alex Svanevik

UAE rolls out the welcome mat for crypto hub status

Unlike other crypto hub contenders, Dubai has a dedicated digital asset regulator, the Virtual Assets Regulatory Authority (VARA). 

Its wide-ranging licensing regime provides clear guidelines — even for NFT platforms — which major economies like the European Union have yet to address. The EU’s Markets in Crypto-Assets (MiCA) framework currently excludes NFTs.

VARA’s clarity is appealing to companies frustrated by regulatory uncertainty elsewhere. Binance, a borderless exchange with no official head office, has had to rethink that model under global regulatory pressure — and the exchange’s ties to the UAE have been growing.

Richard Teng, former CEO of free zone Abu Dhabi Global Market, took over as the CEO of Binance after Zhao, and has recently hinted that UAE is a strong candidate for the exchange’s headquarters, though a decision hasn’t been made yet.

Who’s got the charm, cash and code to be a crypto hub?
Binance’s first institutional investment is a $2-billion bet from Abu Dhabi-based MGX. Source: Binance

The UAE also provides its own incentives, such as no personal income tax and free zones like the Dubai Multi Commodities Centre (DMCC) and Dubai International Financial Centre (DIFC) offer 0% corporate tax advantages and 100% foreign ownership.

Related: The lessons learned at Operation Chokepoint 2.0 Congressional hearings

Crypto firms have reported easier access to banking services in Dubai, which is an improvement over the challenges companies say they’ve faced in the US under “Operation Chokepoint 2.0.”

Hong Kong makes crypto hub push with retail access and staking ETFs

Hong Kong has long acted as a financial gateway to mainland China, where crypto activities like mining and trading remain banned.

Previously, the city had a voluntary licensing regime, when only OSL and HashKey were licensed to serve institutions and professional investors. In Hong Kong, professional investors are legally defined as those with portfolios worth at least 8 million Hong Kong dollars (about $1 million). 

It was later updated to the mandatory regime, launched in 2023, which opened the doors to retail

The shift to mandatory licensing marked a turning point. OSL and HashKey became the first exchanges authorized to serve retail investors, while firms like Bybit and OKX withdrew their applications and exited the market. As of now, 10 platforms are licensed, while 15 have either withdrawn or been rejected.

Who’s got the charm, cash and code to be a crypto hub?
Eight applicants in Hong Kong still wait the SFC’s decision. Source: Securities and Futures Commission

Hong Kong has made further strides with the listing of Bitcoin and Ether (ETH) ETFs, and recently approved staking within Ether ETFs, which is not yet permitted in the US. It has also introduced stablecoin sandboxes under the supervision of the Hong Kong Monetary Authority to trial approved digital assets in a controlled environment.

“Sandboxes are an experiment, so too are staking ETFs,” said Kelvin Koh, a Spartan Group co-founder. “The key point is that these experiments are happening in Hong Kong.”

Hong Kong recently released its ASPIRe roadmap in February 2025, which aims to foster blockchain innovation and fill regulatory gaps to set the city up as a global crypto hub.

Who’s got the charm, cash and code to be a crypto hub?
Hong Kong’s five-pillar strategy to become a crypto hub. Source: Securities and Futures Commission

Trump 2.0 dreams of crypto hub

US crypto firms were stuck in regulatory gridlock under the Securities and Exchange Commission formerly led by Gary Gensler, whose aggressive “regulation by enforcement” strategy triggered years-long legal battles.

That changed with the inauguration of President Donald Trump, who has embraced a crypto-friendly stance. The SEC has since dropped multiple high-profile cases and investigations, including those against Coinbase, Uniswap and Consensys, signaling a shifting regulatory climate that is prepared to welcome back crypto to US soil.

President Trump declares the US the future capital of AI and crypto. Source: The White House

Binance.US resumed US dollar services in February after 18 months of restriction that followed enforcement action from the Commodity Futures Trading Commission, a $2.7-billion settlement and a four-month prison sentence for ex-Binance CEO Changpeng Zhao.

Related: 8 major crypto firms announce US expansion this year

Rival exchange OKX reentered the US market in April 2025 after a $500-million settlement with the Department of Justice. Also in April, Nexo announced — during an event with Trump’s son in attendance — that it rekindled its American dream after scrapping it in 2022.

Traditional finance is warming up, with institutional investments flooding into Bitcoin and Ether spot ETFs, provided by some of the world’s largest asset managers, including the $11.5-trillion giant BlackRock.

The financial love affair goes both ways as crypto firms are also increasingly open to integrating into the existing US infrastructure. 

Galaxy Digital listed on Nasdaq on May 16, Circle is considering another IPO attempt, and Hong Kong’s blockchain unicorn Animoca Brands is now eyeing a New York listing, citing Trump’s stance on crypto.

Who’s got the charm, cash and code to be a crypto hub?
NYC Mayor Eric Adams opens Wall Street to crypto. Source: Yedda Araujo/Cointelegraph

The world’s largest financial center, New York City, is making its own move. Mayor Eric Adams said on May 12 that the Big Apple is “open for business” with crypto companies. 

UK’s crypto hub push goes quiet, but London’s still calling

In 2023, then-Prime Minister Rishi Sunak launched a bold vision to make the UK a global crypto hub, pushing for stablecoins to be recognized as regulated payment instruments and outlining a broader framework to integrate crypto into the country’s financial system. 

That momentum translated into real movement: In April 2025, the UK Treasury released near-final legislation aimed at bringing crypto assets — like trading platforms, stablecoins and staking services — within the country’s regulatory perimeter.

The Financial Conduct Authority (FCA) is now consulting on how to regulate intermediaries, lending and other core parts of the ecosystem, signaling continued regulatory development.

But while the machinery of regulation keeps turning, the political will has cooled. As Arvin Abraham, partner at law firm Goodwin’s private equity group, told Cointelegraph, crypto was once central to Sunak’s competitiveness agenda, but under the current Labour government, that focus has faded.

The new Financial Services Growth and Competitiveness Strategy, spearheaded by Chancellor Rachel Reeves, highlights fintech as a priority without a focus solely on crypto.

“The UK does not feel like it’s prioritizing it as much as it was a few years ago,” Abraham said.

Who’s got the charm, cash and code to be a crypto hub?
In January, Andreessen Horowitz announced the closure of its UK office to move back to the US. Source: Anthony Albanese

Abraham added the UK remains “one of the best places to set up a new startup,” especially for early-stage capital raising. 

He points to generous tax incentives for angel investors and the unique convergence of finance and startups in London, calling it “probably one of the best cities in the world for fintech-type businesses.” 

In that sense, even without headline-grabbing crypto policy, the UK’s structural appeal still draws Web3 firms — just now with a quieter backdrop.

Magazine: South Africa’s digital-nomad crypto hub: Cape Town, Crypto City Guide

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UK-EU trade deal: What is in the Brexit reset agreement?

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UK-EU trade deal: What is in the Brexit reset agreement?

The UK and the EU have agreed a new trade deal – five years after Brexit kicked in.

Following six months of talks after Sir Keir Starmer promised a fresh deal when he became prime minister last July, the two sides have come to an agreement.

Politics latest: Starmer says ‘Britain is back’

Britain's Prime Minister Keir Starmer poses with European Commission President Ursula von der Leyen and European Council President Antonio Costa as they arrive to attend the UK-EU Summit at Lancaster House in London on May 19, 2025. HENRY NICHOLLS/Pool via REUTERS
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The two sides agreed the deal ahead of a UK-EU summit in London. Pic: Reuters

Here are the details:

eGates

British passport holders will be able to use more eGates in Europe to avoid the long border control queues that have become the norm since Brexit in many EU countries.

Pet travel

More on European Union

Pet passports will be brought back so cats and dogs coming from the UK will no longer need pricey animal health certificates for every trip. After Brexit, pet owners had to get a certificate from a vet in the UK then a vet in the EU before returning.

Pic: iStock
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Pets will now be allowed to travel on a pet passport instead of having to have a health certificate every time they travel. Pic: iStock

Red tape on food and drink sales

A new sanitary and phytosanitary (SPS) deal has been agreed to reduce red tape currently needed to import and export food and drink between the UK and the EU.

There is no time limit to this part of the deal, which the government says will reduce the burden on businesses and reduce lorry queues at the border.

The “vast majority” of routine checks and certificates for animal and plant products will be removed completely, including between Great Britain and Northern Ireland.

The government says this could lower food prices and increase choice on supermarket shelves.

Some British foods that have been prevented from being sold in the EU since Brexit will be allowed back in again, including burgers and sausages.

Fishing rights

The current fishing deal agreed in 2020 will continue for 12 years.

There will be no increase in fish quotas.

The Cornish fishing village of Padstow.
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British fishing rights will continue for 12 years. Pic: PA

EU fishing vessels can fish in UK waters, but they require a valid licence, and there are annual negotiations on access and share of stock.

The UK government has announced a £360m investment into the fishing industry to go towards new technology and equipment to modernise the fleet, train the workforce, help revitalise coastal communities, support tourism and boost seafood exports.

Defence

A new security and defence partnership has been agreed so the UK defence industry can participate in the EU’s plan for a £150bn defence fund called Security Action for Europe (SAFE). This will support thousands of British jobs.

The UK and EU will also enhance cooperation over maritime security and accident reporting.

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Reeves: ‘Today is a really big day’

Carbon tax

The deal will see closer co-operation on emissions by the UK and the EU, linking their own emissions trading systems.

The UK’s scheme sets a cap on the total amount of greenhouse gas emissions allowed from the power generation sector, energy-intensive industries and aviation, with companies issued allowances that they can trade with each other.

Under the deal, UK businesses will avoid being hit by the EU’s carbon tax, due to come in next year, which would have handed £800m to the EU.

Steel

British steel exports will be protected from new EU rules and tariffs to save UK steel £25m a year.

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Sam Coates says plenty more negotiations will need to take place before a final agreement is reached.

Further talks:

Youth mobility scheme

The UK and the EU have agreed to more negotiations on a youth mobility scheme to allow people aged 18-30 in the UK and the EU to move freely between countries for a limited period.

The scheme would include visas for young people working, studying, volunteering, travelling and working as au pairs.

Erasmus

The EU and the UK have agreed they should work towards an Erasmus programme, the student exchange programme which was scrapped when Brexit took place.

Catching criminals

The two sides have agreed to enter talks about the UK having access to EU facial image data to help catch dangerous criminals.

They will also encourage Europol and the UK’s National Crime Agency to cooperate over criminal threats and exchanging information about terrorism and other serious crimes.

Migration

The two sides have agreed to further work on finding solutions to tackle illegal migration, including on returns and a joint commitment to tackle Channel crossings.

They will also begin talks on making it easier for people to get visas to work in the UK and the EU and recognising professional qualifications.

Analysis sharing on visa abuse by third country nationals will also be considered.

Electricity

The UK and the EU said they should explore the UK’s participation in the EU’s internal electricity market, including in its trading platforms.

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Does the great EU reset work?

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Does the great EU reset work?

👉Listen to Politics at Sam and Anne’s on your podcast app👈

Sky News’ Sam Coates and Politico’s Anne McElvoy serve up their essential guide to the day in British politics.

It’s EU summit day – so what will Keir Starmer agree? It’s been described as an historic summit and will be a reset of relations since Brexit. It’s expected that the EU and the UK will sign a security and defence partnership. But so far nothing is set in stone.

Plus, how sincere is Vladimir Putin’s interest in a ceasefire?

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