Healey To Ask EU Finance Ministers To Let UK Into Industry Scheme

John Healey will urge EU finance ministers in Dublin on Friday to let the UK join the bloc’s “Made in Europe” industrial scheme, warning against measures that could deepen barriers for British firms, according to BBC reported. Treasury sources said he will press for closer UK-EU ties on tech, defence and manufacturing, and will argue the EU should design the Industrial Accelerator Act in a way that supports supply chains rather than excluding UK businesses. The scheme is intended to protect EU manufacturing from unfair competition from outside countries, and UK officials are concerned it could lock British firms out of European supply chains. Healey is also expected to tell ministers to learn lessons from failed talks last year over Britain joining an EU defence loans scheme, which collapsed over how much the UK would pay. Treasury sources said a wider UK-EU reset summit is now expected in November.