Overview
- Business Secretary Peter Kyle signed a competition co‑operation agreement with European Commission deputy Teresa Ribera to share merger investigations and coordinate jurisdictional enforcement.
- Kyle is lobbying EU capitals, led by France, for assurances that UK companies will not be frozen out of the EU’s Made in Europe industrial programme.
- He warns exclusion would disrupt tightly linked supply chains, citing concerns from firms such as BMW and pointing to UK-built Airbus wings as evidence of integration.
- The government presents the EU reset as targeted rule alignment in specific areas, while Brexit figures Nigel Farage and Lord David Frost condemn the approach as a breach of past pledges.
- Kyle says he is confident the UK’s negotiated discount under the current US tariff regime will hold, with formal confirmation expected but not yet issued.