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Starmer: £1bn UK-EU Reset Fee, £400m Defence Jobs Funding

5/4/2026

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Summary

Story summary

Starmer said the UK-EU “reset” may need a £1 billion yearly contribution.
EU negotiators said the payment is required for deeper single-market access, such as the electricity market.
The European Council proposed a permanent mechanism tying the UK’s fee to its economic size, citing Switzerland’s €375 million annual fee.
Starmer said the EU-Ukraine loan scheme could fund up to £400 million for British defence jobs from the £3 billion Ukraine fund.

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Story summary

Starmer said the UK-EU “reset” may need a £1 billion yearly contribution.
EU negotiators said the payment is required for deeper single-market access, such as the electricity market.
The European Council proposed a permanent mechanism tying the UK’s fee to its economic size, citing Switzerland’s €375 million annual fee.
Starmer said the EU-Ukraine loan scheme could fund up to £400 million for British defence jobs from the £3 billion Ukraine fund.