Healey to ask EU finance ministers to let UK into industry scheme
UK Chancellor John Healey is set to lobby EU finance ministers to ensure British industries are not excluded from the 'Made in Europe' industrial protection scheme. The government fears that new EU trade barriers could disrupt supply chains and negatively impact the UK's manufacturing sector.
Why it matters
This highlights ongoing post-Brexit economic tensions and the critical need for the UK to maintain integrated supply chain access with the European Union.
Image source, PA Media Image caption, John Healey is meeting EU finance ministers on Friday
The chancellor is to warn the European Union (EU) not to lock the UK out of its scheme to protect industries from unfair Chinese competition.
John Healey will push for closer UK-EU partnerships on tech, defence, and manufacturing at a meeting of EU finance ministers in Dublin on Friday.
But he will call on the EU to design its "Made in Europe" programme in a way that deepens ties with the UK "rather than erecting new barriers", Treasury sources told the BBC.
Officials said Healey will tell European finance ministers it is important to "learn lessons" after talks collapsed last year for Britain to join an EU defence loans scheme.
That dispute centred on how much money the UK would pay to join.
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