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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on May 17, 2025

    Featured image for article about Headlines

    By Kate Holton

    LONDON (Reuters) -Britain hopes to secure a reset deal with the European Union on Monday that would boost defence and security cooperation, and smooth the arrival of people and also food into the bloc, its chief negotiator said on Sunday.

    Prime Minister Keir Starmer will host EU leaders in London on Monday in the most significant effort to reset ties since Britain left the EU in 2020 after four years of acrimonious divorce talks.

    Wary of reigniting domestic battles over Brexit, and with its chief campaigner Nigel Farage a fierce political rival, Starmer is trying to secure a deal that will include tangible benefits for Britons to offset the concessions it will need to make to Brussels.

    Britain wants the deal to include the use of faster e-gates for British travellers at EU borders, reduced red tape on food trade, and a new defence and security partnership that could allow British companies access to an EU loan scheme worth 150 billion euros ($167 billion).

    It also hopes to agree closer ties on energy and carbon markets, better cooperation on migration smuggling gangs, the mutual recognition of certain professional qualifications, as well as access for touring artists and data sharing.

    In return, it is likely to agree a limited youth mobility scheme to enable young people in Britain and the EU to live and work in each other's countries, a British return to the Erasmus+ student exchange programme, and a longer-term agreement on fishing.

    While the outline of the defence and security pact is likely to emerge on Monday, it remains unclear how many other elements will be signed off by then. EU ambassadors were due to meet to discuss the final terms on Sunday.

    "We want a deal that makes a difference for the British people," Britain's EU negotiator Nick Thomas-Symonds, told Sky News.

    "What we are looking to deliver tomorrow is a deal that is going to be good for jobs, that's going to help to secure our borders, and it's going to help to lower household bills."

    Polls show that a majority of Britons regrets voting to leave the EU in 2016 and, while there are political risks in moving closer to Brussels, the government says Russia's invasion of Ukraine and uncertainty around U.S. protection for Europe mean new alliances are needed.

    The government has also made growing the economy its number one priority. A refusal to rejoin the EU's single market and customs union will limit the economic impact, but easier and faster trade across UK-EU borders will help.

    Starmer's government, which has struggled since it was elected last July, also secured a free trade deal with India earlier this month and persuaded U.S. President Donald Trump to reduce tariffs on some sectors.

    ($1 = 0.8958 euros)

    (Reporting by Sarah Young and Kate Holton; additional reporting by Philip Blenkinsop;Editing by Gareth Jones and Barbara Lewis)

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