‘Brexit wounds’ mean EU members want UK access to rearmament fund limited, Sky News told
Britain should have access to the EU’s rearmament fund before the end of the year but “wounds of Brexit” mean some member states want it to be limited, the bloc’s foreign affairs chief has said.
Kaja Kallas told Sky News’ political editor Beth Rigby that the “technical details” of Security Action for Europe (SAFE) still need to be sorted out.
SAFE is a €150bn (£126bn) fund to provide loans to EU nations and other participants to bolster their defences.
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As part of Sir Keir Starmer’s new reset deal with the EU, a new defence partnership was struck that will allow the UK to access it.
Asked when this might be, Ms Kallas said: “The SAFE instrument has just been finalised between the institutions but it also needs approval from the European Council. And when that is done, we also move on with the implementation of that, and that is in the coming months.”
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Who wins from the UK-EU deal?
Asked about reports that some member states think there should be a limit on what the UK can access, she said: “ Of course these discussions are there. We have the wounds from Brexit very clearly.
“I mean you wanted to exit the European Union and then there are many voices who say that you shouldn’t have the same benefits from the European instruments that the European Union countries have.”
According to The Times, France is pushing to freeze the UK out of 85% of the fund.
Kaja Kallas, the EU’s high representative for foreign affairs. Pic: Reuters
Asked if Britain’s access should be higher, Ms Kallas said her personal view is that given the current climate “we should do both. We should invest more in European industry. But we should also cooperate with our outside partners like the UK”.
She added that the EU hasn’t had discussions in terms of percentage, because the fund is “down to the capabilities”.
“That is, I think, more important than numbers,” she said.
Speaking to the BBC, Chancellor Rachel Reeves said that the UK was in a “better place than any country in the world” on trade.
She said that under Labour, Britain has “the first deal and the best deal so far with the US, we’ve got the best deal with the EU for any country outside the EU, and we’ve got the best trade agreement with India”.
“Not only are these important in their own right,” she added, “but it also shows that Britain now is the place for investment and business, because we’ve got preferential deals with the biggest economies around the world.”
The UK government has said accessing SAFE will support thousands of British jobs.
Defence was one of the many areas that has been agreed as part of the new UK and the EU trade deal struck by Sir Keir Starmer – five years after Brexit kicked in.
A key part of the deal involves giving European fishing boats a further 12 years of access to British waters.
In return, there will be increased access to EU eGates for British passport holders in Europe, no health certificates every time pets travel to Europe and the removal of red tape from most UK food and drink imports and exports.
Politics
Shouts of ‘genocide’ in Commons as David Lammy denounces Israel’s ‘intolerable’ actions in Gaza
The foreign secretary has denounced Israel’s actions in Gaza as “intolerable” but stopped short of saying it had committed genocide.
MPs could be heard shouting “genocide” in the Commons chamber as David Lammy announced the government was suspending its trade negotiations with Israel and summoning Tzipi Hotovely, Israel’s ambassador to the UK, to the Foreign Office.
The UK has also sanctioned a number of individuals and groups in the West Bank which it says have been linked with acts of violence against Palestinians – including Daniella Weiss, a leading settler activist who was the subject of Louis Theroux’s recent documentary The Settlers.
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Israel immediately criticised the UK government actions as “regrettable” and said the free trade agreement talks, which ministers have now backed out of, were “not being advanced at all by the UK government”.
Oren Marmorstein, a spokesperson for the Israeli foreign affairs ministry, said: “If, due to anti-Israel obsession and domestic political considerations, the British government is willing to harm the British economy – that is its own prerogative.”
Mr Lammy’s intervention came in response to Israel ramping up its latest military offensive in Gaza and its decision to limit the amount of aid into the enclave.
Tom Fletcher, head of the UN Office for the Coordination of Humanitarian Affairs, accused Israel of “deliberately and unashamedly” imposing inhumane conditions on Palestinians by blocking aid from entering Gaza more than 10 weeks ago.
He also told the UN’s security council last week that it must “act now” to “prevent genocide” – a claim that Israel has vehemently denied.
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Aftermath of strike on Gaza school-turned-shelter
Speaking in the Commons, the foreign secretary said the threat of starvation was “hanging over hundreds of thousands of civilians” and that the 11-week blockade stopping humanitarian aid reaching Gaza was “indefensible and cruel”.
Israeli Prime Minister Benjamin Netanyahu has agreed to allow a limited amount of aid into the besieged enclave in response to global concern at reports of famine.
Mr Lammy said Mr Netanyahu’s govenrment was “isolating Israel from its friends and partners around the world, undermining the interests of the Israeli people and damaging the image of the state of Israel in the eyes of the world”.
“We are now entering a dark new phase in this conflict,” Mr Lammy added.
“Netanyahu’s government is planning to drive Gazans from their homes into a corner of the strip to the south and permit them a fraction of the aid that they need.”
Referring to one of the far-right ministers in Mr Netanyahu’s government, he said Bezalel Smotrich “even spoke of Israeli forces cleansing Gaza, destroying what’s left of residents, Palestinians being relocated, he said, to third countries”.
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Surgeon compares Gaza to ‘killing fields’
MPs from across the house shouted “genocide” as Mr Lammy said: “We must call this what it is. It is extremism. It is dangerous. It is repellent. It is monstrous and I condemn it in the strongest possible terms.”
In the Commons, a number of Labour MPs urged the government to go further against Israel.
Yasmin Qureshi, the Labour MP for Bolton South and Walkden, said there needed to be a “full arms embargo” and said: “Can I ask the foreign secretary what additional steps he’s going to be taking in order to stave off this genocide?”
Another Labour MP told Sky News that while the statement was “better than previously…without a concrete timeline and a sanctioning of responsible ministers, it’s hard to know what tangible difference it will make.”
Read more:
British surgeon in Gaza says it is now ‘a slaughterhouse’
Gaza at mercy of what comes next – analysis
How Israel has escalated Gaza bombing campaign
Listen to The World with Richard Engel and Yalda Hakim every Wednesday
Israeli officials have said its plans to seize all of Gaza and hold it indefinitely. – which would move the civilian population southward – will help it achieve its aim of defeating Hamas.
Israel also believes the offensive will prevent Hamas from looting and distributing humanitarian aid, which it says strengthens the group’s rule in Gaza.
Mr Netanyahu has defended Israel’s actions in Gaza and reacted angrily to a joint statement penned by the leaders of the UK, France and Canada, in which they urged Israel to end its military offensive in Gaza and lift restrictions on humanitarian aid allowed into the enclave.
The Israeli prime minister said: “By asking Israel to end a defensive war for our survival before Hamas terrorists on our border are destroyed and by demanding a Palestinian state, the leaders in London, Ottawa and Paris are offering a huge prize for the genocidal attack on Israel on October 7 while inviting more such atrocities.
“No nation can be expected to accept anything less and Israel certainly won’t. This is a war of civilisation over barbarism. Israel will continue to defend itself by just means until total victory is achieved.”
US Securities and Exchange Commission (SEC) Paul Atkins appeared before lawmakers in one of his first hearings since becoming chair of the financial regulator, addressing questions about his plans for the cryptocurrency industry.
In a May 20 hearing discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital assets a “key priority” while chair. In response to questions from North Carolina Representative Chuck Edwards, the SEC chair did not directly answer how much of the regulator’s funds were used to support the crypto task force headed by Commissioner Hester Peirce, and said its findings were “still under development.”
“We should be having something here in the next few months with proposed steps forward,” said Atkins in response to the task force’s first report.
The SEC chair’s appearance at the oversight hearing was one of his first since being sworn into office in April. Nominated by Donald Trump, Atkins, also a former commissioner, was seen by many lawmakers and those in the digital asset industry as someone who could radically change the SEC’s approach to crypto.
Looking to Congress for help with regulatory clarity
Atkins’ remarks came less than 24 hours after US Senators voted to move forward on consideration of a bill to regulate stablecoins, the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act. The bill is one of many related to aspects of digital assets that could affect how the SEC regulates the industry alongside agencies like the Commodity Futures Trading Commission (CFTC).
“Whatever happens in Congress […] that will help undergird what we do,” said Atkins.
Related: Paul Atkins: ‘Crypto markets have been languishing in SEC limbo’
Since being sworn into office in April, the SEC chair has given opening remarks and overseen the commission’s roundtable events on digital assets. The next event, scheduled for June 9, will have SEC commissioners and industry leaders discuss issues related to decentralized finance.
Magazine: SEC’s U-turn on crypto leaves key questions unanswered
Politics
Suspension of trade talks a political signal that Israeli leadership is increasingly isolated
The UK has suspended trade talks with Israel, in protest at what David Lammy called the “intolerable” conditions in Gaza, which he said would leave the population at risk of starvation.
This is, the foreign office confirms, a UK first, in suspending trade talks for a political or humanitarian reason. The Israeli ambassador in London, Tzipi Hotovely, will be summoned to the Foreign Office to deliver the message.
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This suspension, with immediate effect, is a political signal that the Israeli leadership is increasingly isolated even among its allies; and intended to ratchet up the pressure to let aid in.
It comes with a step change in the UK’s language on the humanitarian situation.
Keir Starmer on Monday night, in his joint statement with French President Emmanuel Macron and Canadian Prime Minister Mark Carney, said there would be “concrete steps” if food and medicine continued to be held up at borders; and this is one of the levers available.
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Doctors in Gaza plead for help
David Lammy, announcing the move and targeted sanctions against West Bank settlers linked to violence, called it a “dark phase” in the conflict and said: “[Benjamin] Netanyahu’s actions have made this necessary.”
Trade talks were launched under Rishi Sunak’s government, and a 2030 Roadmap was agreed for boosting trade.
Gaza live: UK halts trade talks with Israel
But although the Labour government committed to continuing with it, the last round of talks was held more than a year ago.
Israel has, the UN say, not allowed trucks in for 11 weeks, after saying Hamas steal the aid intended for civilians. Some trucks entered on Tuesday, but aid agencies say it is nowhere near enough.
With the collapse of the latest talks between the two sides in Qatar last week, the ceasefire the UK is calling for looks far off.
Using economic measures to force the aid issue is likely to be a signal to other allies, including the European Union, to take similar steps.
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