UK Rejects EU Demand for €6.75 Billion to Join Key Defense Fund: Report
The UK opposes paying €6.75 billion to access the EU's €150 billion defence fund, risking exclusion from contracts crucial for British defence firms, officials said.
- The UK has rejected the EU's demand for €6.75 billion to allow British defense firms to participate in the €150 billion Security Action for Europe rearmament fund.
- Both sides are under pressure to resolve the impasse before the November 30 deadline for funding bids, as the UK's participation is seen as important for economic and security reasons.
- The EU's proposal is for the UK to pay between €4 billion and €6.5 billion to allow British defense firms access to up to 50% of the Brussels rearmament scheme contracts.
23 Articles
23 Articles
UK Balks At EU Demand Of Nearly $8BN To Join European Joint Defense Fund
UK Balks At EU Demand Of Nearly $8BN To Join European Joint Defense Fund Early this week the UK government rejected a request from the European Commission for up to €6.75 billion ($7.8 billion) to join the EU’s flagship defense program, which marks a significant setback for post-Brexit ...
Britain’s EU defence snub is a sign of national strength
With all the gloom in Britain over Keir Starmer’s crumbling poll ratings, a potential coup, a battered state media arm and the country’s leaky borders, it would be all too easy to overlook some rare good news. The British Government has rejected an EU demand to pay over £5 billion to join a continental defence scheme called SAFE (Security Action For Europe). Intended to rearm the EU and its allies — principally Norway and Ukraine — as part of th…
UK Rejects EU Demand for €6.75 Billion to Join Key Defense Fund
The UK government rejected a request by the European Commission for as much as €6.75 billion ($7.8 billion) to join its flagship defense fund, a blow to post-Brexit relations under Prime Minister Keir Starmer that also risks damaging Europe’s efforts to deter Russia.
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