Economy

Starmer’s plan to boost UK economy will take some time


Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from the Adriatic Sea.

How is Europe’s policy on Ukraine going to change if Trump arrives in the White House?

Well first, it is not going to change its fundamentals. You should know that the very first thing done by the newly elected European Parliament was to take a very strong and very broadly supportive resolution with very strong support for Ukraine. So what’s going to happen is that, yes, Europe will continue that particular line, that it might be necessary. I think it will be necessary to further increase the financial support, the support that Europeans is already substantially higher than the Americans. But if the Americans diminish, reduce, stop, whatever Trump is going to do, then Europe clearly would have to step up even more.

How does Prime Minister Starmer’s “renewal plan” make it possible to sort of make Britain great again?

Well, it’s early days. It’s clearly going to be economic policy that is somewhat more sort of interventionist in different ways. I think the important thing is that he wants to have a new start relationship with Europe. I think that’s going to take some time, but I think it’s going to have some effect. But, I don’t think we will see any dramatic steps in the next few months anyhow. So it’s early days.



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