Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

UK to Switzer its EU relations in hopes of easing trade barriers

  • By Al Mayadeen English
  • Source: Agencies
  • 20 Nov 2022 15:40
  • 1 Shares
3 Min Read

The UK is seeking to develop a Swiss-style agreement with the EU in an attempt to ease trade barriers and eventually decrease the inflation rate.

  • x
  • UK and EU face trade barriers and increasing inflation rates (PA)
    UK and EU face trade barriers and increasing inflation rates (PA)

A so-called Swiss-style relationship with the EU is being considered by senior UK government officials as a means to ease trade barriers following the 2020 Brexit decision, The Times reported.

The newspaper reported that numerous members of Prime Minister Rishi Sunak's cabinet want to establish streamlined economic ties with the EU by adopting the "Swiss model," which entails signing a number of bilateral agreements with Brussels. Behind closed doors, authorities stated that the change should occur over the following ten years and that it would be advantageous for all parties.   

Government officials emphasized that the arrangement would not include freedom of movement.

According to Downing Street officials, the EU is becoming increasingly eager to enable strong economic links with the UK as a result of high inflation.

Hardcore Brexiters find the potential reconciliation between London and Brussels upsetting because they perceive it as a "betrayal" of the liberties that the UK gained as a result of the separation.

Related News

UK, EU reset post-Brexit relations with defense and trade pact

In defiance of Trump, UK, EU to sign ‘free and open trade’ declaration

A recent YouGov survey found that 56% of UK people believed that their country's decision to leave the EU was a mistake, with some of those that initially supported Brexit changing their minds after the 2016 referendum.

In a referendum held in June 2016, 51.8% of UK voters chose to end their nation's membership in the EU, while 48.1% chose to keep London a part of the bloc.

Britain warns of incoming budgetary trouble after Truss debacle

The UK government warned on November 13, of impending tax increases, particularly for the wealthy, as it attempts to repair the economic damage caused by Liz Truss' brief tenure as Prime Minister.

Rishi Sunak, who succeeded Truss and was en route to an economic summit of the G20 in Indonesia, vowed to bring the spiraling inflation under control, even if it means that already struggling businesses and consumers will suffer further.

When he releases an emergency budget statement on Thursday, his Finance Minister, Jeremy Hunt, told Sky News that the hurt will fall disproportionately on the better off. "We're all going to be paying a bit more tax, I'm afraid," he said while refusing to be drawn into detail on the plan after a tax-cutting budget by Truss caused panic in financial markets.

Hunt acknowledged that the UK economy was probably already in a recession as a result of the quarter of July through September's contraction, adding, "But we are a resilient country, and frankly, we've faced much bigger challenges in our history."

Read more: Tough budget plan awaits the UK; tax hikes, spending cuts: Hunt

  • Brexit
  • Rishi Sunak
  • UK
  • Trade Barriers
  • European Union

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS