UK and EU Defence Deal Hits a Snag: What's Next?

The UK and EU were in a tough spot over a big defense fund. The EU wanted a huge fee for UK companies to join in. The UK said it wouldn't pay any price. Both sides talked a lot but couldn't agree. The UK said it was sad they couldn't make a deal. The EU said maybe they can talk again later. The defense fund is about €150bn (£130bn). It's for buying weapons and military stuff together. The UK wanted a better deal before a Sunday deadline. But without a deal, UK companies can only supply 35% of the value of a finished product. Nineteen EU countries have already asked for loans. Poland got the most money, followed by Romania, Hungary, and France. The UK defense industry is upset. They hope something can still be worked out next year. This happens while the UK and EU are trying to improve their relationship. They are also talking about other deals, like reducing border checks on food and linking up on carbon trading. Canada is also in talks to join the defense fund. The EU hopes to make a deal with Canada before Sunday. The UK and EU need to think carefully about what's best for everyone. They should keep talking and find a fair solution.