The exit from the European Union has severely impacted the UK's economy, stated Prime Minister Keir Starmer. He believes that the country needs to acknowledge the reality and begin working towards restoring close ties with Brussels. Starmer emphasized that the economic revival of the kingdom is not possible without deepening cooperation with the EU, which will require mutual compromises from both sides.
In May 2025, London and Brussels had already reached an agreement on a strategic partnership. The arrangements cover areas such as defense, security, and trade, including the removal of product inspections and an extension of European fishermen's access to British waters for an additional 12 years. This cooperation is expected to contribute at least $12 billion to the UK economy by 2040 and help partially offset the losses incurred from Brexit.
