Starmer says UK opening talks with EU on joining €90bn loan scheme for Ukraine – UK politics live

The prime minister is backing the deal as it would allow British firms to access the contracts funded by the loan

Good morning. In the UK many MPs will be spending the bank holiday campaigning for the elections on Thursday, but Keir Starmer is in Armenia, where he has announced that he wants the UK to join the EU’s €90bn (£78bn) loan for Ukraine.

Starmer is attending a European Political Community summit in Yerevan. The EPC is the group set up four years ago comprising all the EU countries, plus almost all the other European countries that are not EU members. Mark Carney, the Canadian PM, is also attending (on the grounds, presumably, that in the light of the geopolitical upheavel caused by Donald Trump, the Canadians now count as honorary Europeans.)

In relation to the EU loan that we are discussing participating in, that is very good for Ukraine, because it will give Ukraine capability that is desperately needs in year five of this conflict.

It’s very good for the UK, because of the capability that leads to jobs in the United Kingdom.

The extra funding to Ukraine could unlock opportunity for British businesses to fill urgent capability needs for Ukraine as part of the initiative and give British defence industry access to major contracts.

The move is a significant step towards a new ambitious relationship between the UK and EU – building on the prime minister’s calls at the Munich Security Conference in February to deepen defence and security cooperation to match the rapidly evolving threats faced by both sides. It also comes ahead of the UK – EU summit, expected to be held this summer, where both sides will discuss further economic and security cooperation.