Key Takeaways
- The UK PM is close to a major trade deal with the European Union, allowing British arms companies to sell billions of pounds worth of weapons to European allies.
- The trade deal will also allow UK companies to bid for a new 150 billion euros EU defense fund.
- The UK PM is expected to announce a 30 million pounds deal for drones made by New Zealand company Syos Aerospace.
The UK Prime Minister Keir Starmer is close to concluding a major trade deal with the European Union. This deal will allow British arms companies to sell billions of pounds worth of weapons to European allies, as reported by The Times newspaper.
UK companies will also be able to bid for a new 150 billion euros ($172.6 billion) EU defense fund as part of Starmer’s intention to build a new relationship with the EU, the report said on Monday.
In addition, the UK prime minister is expected to announce a 30 million pounds ($40.1 million) deal for drones made by New Zealand company Syos Aerospace, which has a factory in Hampshire, the report added.
