UK Defense Talks with EU SAFE Fund Collapse

Britain announced on Friday that its discussions to join the European Union's defense fund SAFE failed. The UK emphasized the need for agreements that align with national interests and provide value for money. While negotiations continue, UK industries can engage in SAFE projects via third country terms.

On Friday, Britain announced the breakdown of its discussions with the European Union to join the defense fund known as SAFE. This move signals a prioritization of national interest and financial prudence by the UK government.

Nick Thomas-Symonds, Britain's minister for European Union Relations, expressed disappointment over the failed negotiations. Despite the impasse, he ensured that the UK defense industry retains the ability to participate in SAFE projects under third country terms.

"Negotiations were carried out in good faith," Thomas-Symonds added, affirming Britain's consistent stance on demanding agreements that align with the national interest and prove economically viable.

(With inputs from agencies.)