Story perspectives

UK Economy at Risk Without EU Inclusion, Warns BCC

3/26/2026

Center

UK Advocates EU Inclusion

The British Chambers of Commerce warns European Union (EU)'s Made in Europe scheme could harm UK economy if firms are excluded.
Business Secretary Peter Kyle advocates UK inclusion in the scheme.
Shevaun Haviland, director-general of the British Chambers of Commerce, backs a generous EU youth mobility scheme and urges quicker talks.
Meanwhile, the UK mortgage market remains volatile as rising rates hit borrowers amid geopolitical tensions affecting expectations.

Left

UK Defence Manufacturers Paralyzed

Defence manufacturers in the United Kingdom face paralysis due to a prolonged delay in the Defence Investment Plan (DIP).
Industry leaders warn that a six-month delay risks investment shifting to Germany and the United States.
The DIP, expected last autumn, is crucial for addressing a £28 billion funding gap over four years.
Smaller firms, including MTE Heat Treatment, have already gone bust, prompting calls for action to clarify funding strategies.

History

Historical Context

The 2016 Brexit referendum, where 51.9% voted to leave the EU, stemmed from longstanding debates over sovereignty and immigration. Major businesses, including Shell and BT, expressed concerns about economic uncertainty, fearing job losses and investment declines. The aftermath has seen volatility in the UK mortgage market and calls for strategic policies to stabilize the economy, reflecting ongoing Brexit repercussions.

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UK Advocates EU Inclusion

The British Chambers of Commerce warns European Union (EU)'s Made in Europe scheme could harm UK economy if firms are excluded.
Business Secretary Peter Kyle advocates UK inclusion in the scheme.
Shevaun Haviland, director-general of the British Chambers of Commerce, backs a generous EU youth mobility scheme and urges quicker talks.
Meanwhile, the UK mortgage market remains volatile as rising rates hit borrowers amid geopolitical tensions affecting expectations.

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