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Starmer warned he cannot sidestep Brussels in bid to reset UK-EU relations

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Starmer warned he cannot sidestep Brussels in bid to reset UK-EU relations

Sir Keir Starmer cannot sidestep Brussels as he seeks to improve the UK’s post-Brexit ties with the EU, officials in the bloc have warned after the British prime minister’s trips to Berlin and Paris.

In the last few days Starmer met German Chancellor Olaf Scholz and French President Emmanuel Macron in the latest flurry of diplomacy with EU leaders since he entered Downing Street last month.

During the two-day tour he talked up his proposed UK-EU “reset” and emphasised his desire for “a closer relationship on a number of fronts, including the economy, including defence, including exchanges”.

However, he also reiterated his red lines on Brexit, which include no UK re-entry to the EU single market or customs union, or the return of free movement.

Within the bounds of these strictures, EU diplomats said there was little scope to improve ties with the UK.

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EU member states had some “wriggle room” to allow easier access for British workers and students and industrial collaboration, one diplomat said.

“But you can only get a reset by going to Brussels. The red lines haven’t changed. Something needs to give on the UK side if it wants to restore the relationship,” they added.

The UK is aiming to negotiate a new bilateral treaty with Germany by early 2025 © Clemens Bilan/ EPA/Shutterstock

The UK’s attempts this week to talk up the breadth and depth of a new bilateral treaty being negotiated with Germany, which both sides hope to finalise by early 2025, raised eyebrows in the EU.

German officials dismissed a suggestion by Downing Street that the two nations would discuss “market access” as part of the treaty, highlighting how the single market and trade were EU competencies, not national ones.

One said the treaty would not change anything covered by the EU-UK post-Brexit deals.

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“A visit to Germany is not a game-changer,” said one EU official, adding: “There’s a huge focus on the bilateral dimension between the UK and Germany or France, but the EU is composed of 27 states and of course the sole interlocutor if you want to reset relations is not Berlin, Paris, Rome or Tallinn — it’s Brussels.”

The official said it was “very good news” the UK was pitching a “reboot” of relations with the EU, but repeated the bloc’s line that any British proposals that threatened to jeopardise the single market would be “tricky” to take forward.

People with faces painted with EU and unions flags
The EU’s main ask from the UK is a youth mobility scheme © Wiktor Szymanowicz/Alamy

Starmer is expected to meet European Commission President Ursula von der Leyen before the end of the year.

The EU’s main ambition regarding the UK is a youth mobility scheme, with a proposal made by the bloc in April. It also wants Britain to rejoin the Erasmus student exchange programme to allow its citizens to study in the UK more cheaply.

The EU’s offer this spring elicited a cold response from Labour officials, then in opposition, who said they viewed youth mobility as synonymous with free movement. But some Labour figures, including London mayor Sadiq Khan, are pushing for a deal.

This week Starmer said he has “no plans” to negotiate a formal youth mobility scheme, but did not explicitly rule out launching talks on one in future.

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The previous UK Conservative government offered bilateral mobility deals to several states including Germany, which prompted the commission to table the EU-wide proposal. Officials do not rule out some member states being able to go it alone if EU-wide progress proves impossible.

One of the Starmer government’s priorities is a new UK-EU security pact “to strengthen co-operation on the threats we face”.

The EU views the current informal co-operation between the bloc and the UK on defence and security as working well — with co-ordination on sanctions, Ukraine and China taking place via the G7, Nato and other forums.

However, EU officials said the bloc would be amenable to formalising a more structured dialogue, as it does with the US.

Following years of tensions under the Conservatives, the new Starmer government believes there is mileage in overhauling the tone of UK-EU relations and has criticised the “botched” Brexit deal negotiated by former prime minister Boris Johnson.

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Starmer said after meeting Macron on Thursday that the pair had discussed “the wider reset” with the EU, as well as developments in Ukraine and the Middle East, plus bilateral trade, illegal migration and security issues.

The British prime minister described “growing the economy” as the “number one mission” of the UK-EU reboot.

Anand Menon, director of the UK in a Changing Europe think-tank, said Starmer’s warmer rhetoric on UK-EU relations was “desirable” and would genuinely “smooth the wheels of diplomacy” by making it easier for politicians and officials on both sides to work together.

But he added the UK and the EU were playing a “defensive” game and it was too early to see how it could lead to “substantive” change in the relationship.

Ahead of the UK election, Labour’s specific demands regarding the EU included a veterinary deal, an agreement on the mutual recognition of professional qualifications, and greater ease for UK artists to tour within the bloc — proposals which were criticised as underwhelming.

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Labour’s demands were “massively unambitious” and of “trivial” economic scale, Menon said, but “despite that, they might be quite hard to get”.

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

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Palisades and Eaton Fires May Not Be Fully Extinguished for Weeks

It may take weeks or longer for firefighters to fully extinguish the two most destructive fires that have ravaged parts of the Los Angeles area, fire officials warned.

The sheer sizes of those blazes, the Palisades and Eaton fires, have presented a significant challenge. They have charred almost 40,000 acres combined and are still only partly contained.

Difficult weather conditions have also hindered efforts. David Acuna, a battalion chief with Cal Fire, said the persistence of strong winds, and the fact that fires were burning through homes, which can generate intense heat, made containment impossible when the blazes first ignited.

Crews have been trying to establish a boundary around the fires, using trenches, natural barriers and other methods to prevent further spread. But Capt. Erik Scott, a spokesman for the Los Angeles Fire Department, said, “It’s going to be a slow, arduous process.”

The emergence of smaller fires over the last week has further complicated efforts. Of particular concern was the Auto fire in Ventura County, northwest of Los Angeles, which grew to more than 50 acres before being contained. Officials worried about it breaking free again in windy conditions.

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These fires have required an immediate response from both air and ground crews to prevent them from growing, Mr. Acuna said, which diverts resources from the larger blazes.

Stopping the fires’ forward progress is only the first step. Firefighters must also extinguish all remaining flames inside the contained area.

Mr. Scott said this second part of the process would also take time. Among other steps, he said, firefighters need to use hand tools to scrape away brush near the burn perimeter and turn over smoldering piles to ensure nothing is hot enough to reignite.

These timelines are not unusual for large fires. In 2018, the Woolsey fire burned through nearly 100,000 acres in Los Angeles and Ventura counties, destroying over 1,600 structures. The fire ignited in early November and was not contained for two weeks. And it took until early January for the fire to be fully extinguished.

The Santa Ana winds that have repeatedly raised the fire danger over the last week have so far proven lighter than anticipated on Tuesday, but forecasters warn that wind speeds could increase on Wednesday. The region remains critically dry, with little rain expected in the near future. The combination of those elements is threatening to ignite more fires across Southern California, and could further hinder firefighters’ efforts.

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Erin McCann contributed reporting.

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Top BlackRock executive Mark Wiedman to depart

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Top BlackRock executive Mark Wiedman to depart

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Top BlackRock executive Mark Wiedman is departing, in a move that disrupts the asset manager’s planning for the eventual departure of founder Larry Fink, according to four people close to the company.

Wiedman had been widely discussed as a potential successor to Fink for more than a decade and had recently been one of the $11.5tn asset manager’s most prominent public faces as the head of its client business.

BlackRock’s board described him in as a regulatory filing last year as one of three “senior leaders who we believe will play critical roles in BlackRock’s future” as it granted him a special retention package.

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However, Wiedman, who led the integration and rapid growth of BlackRock’s flagship index and exchange traded fund business, has opted not to wait around. His departure is expected to be announced very shortly, the people said. He is forfeiting $8mn in stock options, according to the proxy.

Wiedman’s departure comes after the world’s largest asset manager embarked on a $28bn acquisition spree last year to bulk up its footprint in the fast-growing and lucrative alternative assets sector. The strategic moves not only put pressure on Fink, 72, to personally oversee their success, but also brought in a clutch of high-powered and high-paid executives who need to be carefully managed.

Fink, who has led BlackRock since its 1988 founding, is very popular with investors and is among the most influential figures in finance. But analysts and some within the firm have begun expressing concerns whether the slow pace of succession planning will drive the next generation of top talent to start going elsewhere. BlackRock president Rob Kapito, 67, is also a founder of the firm.

BlackRock declined to comment.

Wiedman is leaving almost exactly a year after Salim Ramji, another executive who was also once touted as a potential leader. Ramji became chief executive of Vanguard, BlackRock’s chief rival in the US and the world’s second-largest asset manager. Several other lower-ranking executives have also left in the past few years to take leadership jobs at smaller firms, including Daniel Gamba to Northern Trust and Zach Buchwald to Russell Investments.

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After Ramji left, the group touted its strong stable of current leaders, including Wiedman and two other executives who also received special option grants: chief operating officer Robert Goldstein and chief financial officer Martin Small.

“BlackRock is proud to have a record of our firm’s alumni going on to lead multiple investment management companies and financial institutions,” it has previously said.

A senior Wall Street figure with knowledge of the situation said “Larry [Fink] and Rob [Kapito] are not going anywhere. They just made a major acquisition and you have to see that through, [but] Wiedman is at an age where if he doesn’t make a move, he ages out of being a CEO.”

A lawyer by training, Wiedman joined BlackRock in 2004 after stints at the US Treasury and McKinsey. He started BlackRock’s financial markets advisory consulting arm, which helped central banks and government agencies dig through the rubble of the 2008 financial crisis.

Wiedman negotiated the 2009 purchase and integration of Barclays Global Investors, the deal widely seen as the most important in BlackRock’s history. He then headed up the resulting iShares business from 2011 to 2019 as it developed into a juggernaut in index and ETFs.

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Keenly interested in talent development, Wiedman recruited or promoted many of BlackRock’s top executives, including Small and Rachel Lord, who heads the international business.

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World News Live Today January 15, 2025: Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

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World News Live Today January 15, 2025: Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

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World News Live: Get real-time updates on international politics, economic changes, conflicts, and environmental issues. Access the latest breaking news and in-depth stories as they happen, keeping you informed of events shaping the world.

Latest news on January 15, 2025: Trump did not specify whether the new agency would replace collections of tariffs, duties, fees and fines by US Customs and Border Protection.

World News Live: Welcome to our World News live blog, your go-to source for instant updates on major events across the globe. Whether it’s political shifts, economic trends, environmental crises, or international conflicts, we deliver real-time reports to keep you informed and engaged with the latest global developments. Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.…Read More

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Jan 15, 2025 12:30 AM IST

US News Live : Donald Trump says to create new department to collect revenue from foreign sources on inauguration day

  • Donald Trump said in a social media post he would create the department on January 20, the day he takes office as president for a second term

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Jan 15, 2025 12:15 AM IST

US News Live : Speaker Johnson orders US Capitol flags raised to full height for Donald Trump’s inauguration

  • The Republican leader’s decision means that President-elect Donald Trump will not take the oath of office for his second term under a half-staff flag

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