""disappointing that we have not been able to conclude discussions""
""Negotiations were carried out in good faith, but our position was always clear: we will only sign agreements that are in the national interest and provide value for money,""
""Throughout these intense negotiations, our negotiators have engaged constructively and in good faith with the UK to get a deal over the line,""
Negotiations between the UK and the EU broke down over a fee demanded for British firms to access a larger share of loans under the EU's €150bn SAFE defence loans scheme. The dispute limits the total value of weapons and parts that UK-based firms can contribute to projects. Talks were held against a deadline for initial bids, with loans expected to be issued next year. The EU reportedly sought a multibillion-euro entry fee; the UK accepted paying a fee but refused to sign agreements at any price. The European Commission left open the possibility of resuming talks later.
Read at www.bbc.com
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