UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040

The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?

European council president Antonio Costa (L), UK prime minister Keir Starmer (C) and president of the European Commission, Ursula von der Leyen (R) attend a press conference at the UK-EU summit at Lancaster House on 19 May 2025 in London, England.
(Image credit: Photo by Carl Court/Getty Images)

Prime minister Keir Starmer has unveiled details of a new agreement with the European Union, which the government says will “support British businesses, back British jobs, and put more money in people’s pockets”.

Among other things, the deal will reduce red tape on food and drink items being traded across borders, agree a new security and defence partnership between the UK and EU, and allow British holidaymakers to use more e-gates in Europe.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.