Skip to content
Saturday 8 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,901.09
+0.31%
DAX
26,319.45
+0.69%
CAC 40
8,714.93
+0.17%
STOXX 50
6,523.86
+0.33%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 01 April 2026 11:30 am  |  Updated:  Wednesday 01 April 2026 11:31 am

Starmer moots closer ties with EU amid Trump row

By: Mauricio Alencar

Politics and Economics Reporter

Add as a preferred source on Google
Sir Keir Starmer speaking at a press conference podium, addressing media attendees, wearing a suit and tie, in a formal se...
Sir Keir Starmer said the UK would seek closer ties with the EU. (PA)

Sir Keir Starmer has mooted building closer ties on various sectors of the economy with the European Union after President Trump suggested he was considering pulling the US out of Nato. 

In a press conference on Wednesday, Starmer billed strengthening ties with the EU at an upcoming summit as part of a wider push to ease the cost of living for Brits. 

He announced that foreign secretary Yvette Cooper would host leaders from European and Gulf countries in a meeting to discuss security for shipping in the Strait of Hormuz, adding that any task to re-open crucial trading routes “will not be easy”. 

The Prime Minister said the UK was offering “clear and calm leadership” through diplomacy during the conflict as he moved on to talk up the prospect of undoing parts of Brexit, which he said did “deep damage” to the economy. 

“The UK will not just ratify existing commitments made at last year’s summit,” he said. 

“We want to be more ambitious.

“Opportunities to strengthen our economy, and the opportunities to strengthen our security and cut the cost of living, are simply too big to ignore.”

“We have to go beyond just a numbers game.”

He also argued that building closer ties with the EU could lead to improved relations with the US.

“Successive presidents have said that Europe needs to do more on their defence and security. I have long argued that we should be doing more. That is not just on defence spending. It is also on how we spend, how we collaborate and co-operate.”

Starmer: Trump is putting ‘pressure’ on me

Starmer’s address on his government’s action was partly overshadowed by a report in The Telegraph that quoted President Trump’s new threat against Nato. 

He told the newspaper that he was considering pulling out of Nato, labelling it a “paper tiger”. 

Read more

Miliband opponents pour cold water on Chancellor hopes

Ed Miliband outside Downing Street

“And Putin knows that too, by the way,” he said. 

Starmer slapped down a question about Trump’s comments: “Whatever the pressure on me and others – whatever the noise –  I am going to act in the British national interest in the decisions I make.”

He stuck to his message focusing on the government’s effort to ease the cost of living for families as he talked up energy bill measures and benefits changes from the Budget which come into effect this week. 

Rachel Reeves said that the government’s “targeted” support would be based on household income rather than a catch-all. 

It would represent a different path to one taken by the previous Conservative government, which subsidised government bills at a cost of £40bn after gas price shock from Russia’s full-scale invasion of Ukraine. 

“I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all,” the Chancellor said.

“We’re looking at ways in which we can support people based on their household income.”

Reeves did not say how much the scheme would cost and suggested that any support would only be introduced in the autumn.

An energy consultancy suggested that the Ofgem energy price cap will leap by 18 per cent after June in bills that would be frozen until September. 

The household energy price cap coming into effect from today and lasting until July will remain unaffected by changes seen in international markets. 

Opposition parties have urged the government to take a stronger stance, with Reform UK’s finance spokesman Robert Jenrick suggesting that people were “suffering” now. 

Read more

Rolls-Royce shares rise as Burnham pledges investment in British defence

Andy Burnham speaking at a press conference, wearing a suit and tie, addressing current political issues in Manchester.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

People & Organisations

  • Defence
  • european union
  • Keir Starmer
  • Labour Party
  • Rachel Reeves
  • security
  • UK economy
  • UK Government

Trending Articles

  • WPP slashes jobs as revenue continues to fall

  • Liverpool owners tipped to sell – but not to Amazon boss Bezos – by former CEO

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

  • Starling plans to ‘come out swinging’ in diversification bid

  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

More from Morning Wire

  • Miliband opponents pour cold water on Chancellor hopes

    Politics
    Ed Miliband outside Downing Street
  • Rolls-Royce shares rise as Burnham pledges investment in British defence

    Politics
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing current political issues in Manchester.
  • ‘That’s reality’: Burnham will have to focus on international affairs, Starmer warns

    Politics
    Business conference attendees networking at a corporate event with banners and presentation screens in the background
  • Victory wasted: The cautionary tale of Keir Starmer

    Opinion
    Keir Starmer exiting a building, dressed in a suit, amid media attention, reflecting leadership and political significance
  • Top investment bank: Starmer and Reeves left UK ‘no better off than they found it’

    Economics
    Keir Starmer and Rachel Reeves discuss the Great British Summer Savings scheme at a press conference podium with banners b...
  • Keir Starmer wasn’t weird enough for Westminster

    Opinion
    Keir Starmer holding a football with a World Cup logo, smiling and engaging in a sports event discussion.
  • Starmer took sport freebies worth tens of thousands of pounds while PM

    Sport Business
    Getty Images logo on a digital screen, symbolizing media content and stock photography for news and business platforms
  • Vance says ‘broken’ Britain must rebuild economy, not just change PM

    Politics
    Andy Burnham returns to Parliament
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook