MP’s have warned Sir Keir Starmer’s plans for UK-EU relations going forward have a lack of direction to help to boost the UK economy and provide beneficial results for Britain.The Prime Minister’s proposed UK-EU relation “reset” has been slammed for a lack of clear, distinct strategic objectives, with even the foreign affairs committee saying it was still unclear what this new relationship would look like.Work began in May to formulate pipelined agreements, including a new youth mobility scheme and the removal of trade barriers covering food and agricultural products, among others.Chancellor Rachel Reeves took to the Commons on Tuesday to deliver the Spring Statement, detailing closer trade ties with Europe as a “key part” of an ongoing growth strategy, with little detail on what it will entail.Ms Reeves she said she wanted to strengthen global relationships, “breaking down trade barriers and deepening alliances with our European partners for a more secured and connected economy”.A government spokesman said: “We are stripping away the costly bureaucracy and red tape that acts as a drag on growth, backing British jobs and putting more money in people’s pockets across the country”.The EU-UK summit this summer should see the first deals struck by No10 to improve EU relations.FOLLOW FOR MORE UPDATES THROUGHOUT THE DAY BELOW…UK’s economic outlook seems ‘bleak’, says think tank after Spring StatementThe Resolution Foundation think tank said the nation’s immediate economic future is “highly uncertain” as it revealed its response to the Chancellor’s spring statement.Yesterday, Rachel Reeves said her fiscal plan was “more necessary than ever before in a world of uncertainty” with the Iran conflict threatening economic stability.But the Office for Budget Responsibility indicated gross domestic product will increase by just 1.1 per cent in 2026, down from the 1.4 per cent it forecast in November.The Resolution Foundation said that while the UK is set for a strong year of living standards growth, especially for lower-income families, the lengthier economic outlook is “bleak”.Ruth Curtice, the organisation’s chief executive, said in a statement: “The immediate economic outlook for Britain is highly uncertain, with yesterday’s forecasts already looking out of date, while the living standards picture for the rest of the Parliament is very lopsided.“This coming year is set to be a decent one for living standards, and a bumper one for poorer families, as wages and benefit support rise above the level of inflation. “But a fresh energy price shock risks puncturing this good news.“With wage growth set to tail off, the living standards picture for the rest of the Parliament is bleak.“This should remind policy makers of the need to both navigate near-term uncertainty and support productivity-based economic growth over the medium term.“That is the only way to meaningfully lift living standards throughout Britain”.
Our Standards:
The GB News Editorial Charter GB News Read More