UK intends to begin negotiations to join a EUR 90bln European Union loan scheme seen as providing vital support for Ukraine, BBC reports, suggesting "which further signals the government's desire for closer ties with the EU"

The UK's decision to negotiate joining a €90 billion EU loan scheme reflects a strategic move towards strengthening ties with Europe, particularly in the context of support for Ukraine.

Newsquawk StaffPublished 3 May 2026, 21:51 UTCOn the live feed at 21:31 UTC, 20 minutes before this page

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22:20

US President Trump posts an image with the caption "I have all the cards"

22:00

[MARKET UPDATE] Futures resume trading with mild optimism as US sent a revised draft agreement to end the war in response to Iran's latest proposal; ES +0.2% (+15 pts), WTI Jun -2.0% (-USD 2.0/bbl), T-note futures +19 ticks, spot gold +0.3% (+USD 12/oz)

21:31

UK intends to begin negotiations to join a EUR 90bln European Union loan scheme seen as providing vital support for Ukraine, BBC reports, suggesting "which further signals the government's desire for closer ties with the EU"

21:22

US sent on Sunday another amended draft for an agreement to end the war in response to Iranian officials' latest proposal, Axios sources said

21:15

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"UK PM Starmer will tell the European Political Community (EPC) summit in Armenia on Monday about the UK's ambitions, which further signals the government's desire for closer ties with the EU."

Context

This shift may impact UK's geopolitical stance and could influence market sentiment regarding UK-EU relations, especially in sectors sensitive to political alignment.

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