Britain will have to pay the EU a percentage of the value of any weapons bought from UK companies via a Brussels-led defence fund, under plans being drawn up by the bloc to counter the growing threat from Russia.
Prime Minister Sir Keir Starmer in May said the UK would join the EU’s new €150bn Security Action for Europe (Safe) project to boost military spending across the continent, as part of a “reset” of bilateral relations.
Participating in Safe would provide “new opportunities for our defence industry, supporting British jobs and livelihoods”, Starmer said.
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