Ahead of the UK and EU Summit next week, the Prime Minister meets European Commission President Ursula von der Leyen at the European Political Community summit to discuss a potential reset in relations. The talks focus on cutting costs for consumers, farmers and businesses, while also covering Ukraine negotiations in Abu Dhabi.
Highlights
- UK Prime Minister and Ursula von der Leyen met on 12 November to prepare for an upcoming UK-EU summit focused on reducing trade costs.
- The Prime Minister argued the existing Brexit deal harms both sides and called for a new agreement to lower costs for consumers, farmers, and food producers.
- Both leaders emphasized maintaining momentum on Ukraine negotiations and agreed to continue discussions at the scheduled summit next week.
Summit talks focus on trade costs
As reported by GOV.UK, the Prime Minister and Ursula von der Leyen use their meeting on 12 November at the European Political Community summit to review preparations for the UK and EU Summit scheduled for next week.The Prime Minister says he wants to secure a deal for Britain and the EU that cuts costs for consumers and businesses. He adds that the Brexit deal already negotiated has done more harm than good and that the current arrangement is not working for either side.
He also says the UK and EU should chart a new course that reduces costs for farmers and food producers and helps ease pressure on shop prices on both sides.
Ukraine remains part of wider agenda
The leaders also discuss the situation in Ukraine and reflect on the negotiations in Abu Dhabi.They welcome what they describe as momentum on Ukraine and say it is vital to keep pushing that forward in the coming weeks and months. The two sides also say they look forward to speaking again next week.
As we noted earlier, DAX buying momentum stayed strong as the German index climbed and held above key moving averages.
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