The EU is introducing a carbon border adjustment mechanism (CBAM) on 1 January targeting imports produced using carbon-intensive methods, such as steel, glass and fertiliser. Businesses have been concerned about the impact of the EU tax on UK consumer bills and the prospect of cheap goods originally destined for Europe, such as Chinese steel, flooding the British market. The UK is introducing its own version of the tax but not until 2027.
Reeves said the exchange scheme would allow young people in Britain to be able to go and work, to travel, to volunteer, to gain experience, to learn languages in European countries. And we want young people from those European countries to also be able to come to the UK and have the same opportunities that my generation had to travel, work and study in Europe, she said.
Emmanuel Macron emphasized the need for European countries to reduce their dual dependencies on the US and China, stating that such dependencies threaten fair trade and economic sustainability.
