Britain willing to discuss paying into EU to join electricity market, says minister
Summary
UK minister Hamish Falconer said Britain is willing to discuss contributing to EU infrastructure funds as part of talks on joining the European electricity market, but the government has not accepted that the contribution should be required. The UK and EU are also negotiating on defence cooperation, youth mobility, food and drink, carbon emissions, and industrial policy.Key Facts
- Five European leaders said Britain would need to contribute to the EU cohesion fund to join the electricity market.
- The EU cohesion fund supports economic development in poorer regions of the bloc.
- Falconer said the UK had not accepted a link between joining the electricity market and contributing to the cohesion fund.
- Negotiators hope to reach agreements on food and drink, carbon emissions, and youth mobility at an upcoming UK-EU summit.
- Talks over UK participation in the EU’s €150 billion Safe defence loan scheme collapsed after the sides disagreed over the UK’s contribution.
- Falconer said he hoped Britain could join a future Safe2 defence scheme on acceptable terms.
- The UK and EU are discussing a youth mobility scheme, with tuition fees for EU students at UK universities among the sticking points.
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