
How much is the defence deal with the EU going to cost Britain?
The UK-EU summit in London in May was proclaimed as a ‘new chapter’ in the post-Brexit relationship. Only now are we finding out the true cost. Perhaps the British government should not have so eagerly chased a scheme that was bound to work to our disadvantage The EU’s Security Action for Europe (Safe) – a fund of €150 billion (£130 billion) to provide loans for member states to undertake urgent, large-scale defence procurement projects – was a key talking point at the meeting. The programme is a sensible one, aimed at boosting the European defence industry’s production capacity. However, it is now clear that the UK will need to pay
