Prime Minister Andy Burnham is preparing to finalize a "Brexit reset" deal with the European Union, aiming to boost UK growth through closer ties, according to reports.
A summit scheduled for November 20 is expected to see agreements on food and farming, electricity trade, and youth "free movement." However, the potential cost of these agreements is raising concerns.
Draft documents indicate the UK government is considering paying into EU development schemes for poorer member states. This contribution would reportedly be a condition for British energy companies to trade freely within the EU's single market for electricity. The government may also agree to reduce tuition fees for European students at British universities, a move that would bring them closer to domestic rates rather than the current international fees which range from £11,400 to £38,000 annually. British students currently pay £9,790 per year.
Furthermore, reports suggest the UK has relented to demands to raise an annual cap on young EU citizens entering the UK. The proposed scheme could allow between 75,000 and 80,000 individuals aged 18 to 30 from the EU to travel to the UK for up to three years each year, a significant increase from a previous offer of 50,000.
Burnham defended the potential deal, stating it presents an opportunity to add up to 0.4% to UK GDP. He emphasized that while the UK is no longer an EU member, working with the bloc in a "different way" is necessary for growth, helping farmers, and reducing red tape for businesses. He expressed a commitment to negotiating the best possible deal.
Ahead of the summit, a 200-page draft text for a sanitary and phytosanitary (SPS) agreement is circulating, which would require the UK to adhere to EU rules on food safety and animal and plant health. Drafts for emissions trading and a "youth experience scheme" are also being discussed.
Some critics, including Tory leader Kemi Badenoch, have voiced opposition, warning that such agreements could make Britain a "rule-taker" and undermine the freedoms gained from leaving the EU. A government spokesperson stated that they do not comment on leaks but are "building an ambitious, close relationship with the EU that will strengthen our economy, protect British industry, and create more opportunities for young people across the UK."