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Britain is set to be hit with an £8.75billion bill after Labour announced plans to rejoin the Erasmus scheme.
The scheme, which allows British students to study, train or gain work experience across the EU, is set to cost significantly more than the £570million initially touted.
While this was the fee proposed for a one-year membership, Brussels plans to increase funding for the scheme by more than 50 per cent, from around €26billion to €41billion, from 2028.
When combined with extra costs associated with joining EU programmes after Brexit, this means the bloc could charge Britain £1.25billion a year between 2028 and 2034, reports The Telegraph.
The UK left the scheme under Boris Johnson, who argued it did not offer value for money.
Downing Street insisted it is "a good deal", while declining to deny reports the UK had pushed for a larger reduction in fees, saying only that negotiators, "as with every area of international engagement, pushed for the best deal for the British people."
Of the £570million fee, the Prime Minister’s spokesman said: "The UK will receive most of that money back to distribute amongst the UK beneficiaries.
"We will also have the opportunity to compete for grants from a £1billion central pot directly managed by the European Commission."
Former Tory Brexit negotiator Lord Frost said: "The Government has done what it always does make a concession up front and sort out the consequences later.
"They pay an inflated amount to get back into Erasmus for one year, they won’t then want to leave again, so they will end up paying whatever the EU wants for the next seven years.
"The truth is, of course, they just want to be liked by the EU and don’t care what price they have to pay."
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Jess Phillips says Keir Starmer is the 'greatest ally' in in tackling violence against women and girls
Sir Keir Starmer has been the "greatest ally" in tackling violence against women and girls (Vawg), Jess Phillips has said.
The Safeguarding Minister told Times Radio: "I am always going to be like an absolutely passionate advocate for this thing and do you know who else is and who I found to be the greatest ally in this, and that is the Prime Minister.
"[Sir Keir] and I have, and others in other Government departments have been working together to make sure that we get the most ambitious plan for every Government department.
"The Government has declared this a national emergency and that means every Government department using every tool of the state to really tackle this issue.
"Have I ever had to have tense conversations? Of course I have. I wouldn’t be doing my job if I hadn’t...All I can say is that having the first woman Chancellor, and a woman who was a patron of Leeds Women’s Aid, that Rachel Reeves is absolutely 100 per cent behind these plans."
Westminster sealed off by police over security alert as bomb disposal army unit swoops in
The Houses of Parliament have been sealed off over a security alert in central London.
Eyewitnesses told GB News a bomb disposal squad is at the scene on College Green in the Palace of Westminster.
WATCH: James Cartlidge discusses Tory pledge for defence boost
Jess Phillips says chanting 'globalise the intifada' is 'totally and utterly inexcusable'
Jess Phillips says chanting "globalise the intifada" is "totally and utterly inexcusable" and is inciting people to violence.
Asked on Times Radio Breakfast about police arresting protesters for the chant and whether West Midlands Police should do the same, Jess Phillips, MP for Birmingham Yardley, said: "I mean, I have no idea if this has been a feature of protest, I have to say there are far fewer protests outside of London.
"But these are decisions for the police but I think that the Metropolitan Police have made the right decision in this instance, because I cannot think of any, I cannot think of any interpretation other than that is inciting people to violence which has the terrible consequences.
"I just can’t think of an excuse of calling for sort of violent uprising."
She added: "It’s totally and utterly inexcusable. People’s right to protest is absolutely sacrosanct. That cannot be the same as inciting violence or causing fear among certain sections of the community, whoever they are."
Vladimir Putin brands Keir Starmer 'little pig' and moves nuclear missiles within EIGHT minutes of London

President Vladimir Putin took aim at the Prime Minister
| REUTERSVladimir Putin has branded Keir Starmer and European leaders "little pigs" in a rabble-rousing address in Moscow.
Mr Putin accused Sir Keir and his counterparts like Emmanuel Macron of conspiring to bring about Russia's collapse - and trying to profit from it.
"Everyone believed that Russia would be destroyed and collapsed in a short period of time," Mr Putin declared.
"And the European piglets immediately joined in this work of the former American [Biden] administration, hoping to profit from the collapse of our country."
Liberal Democrats say 'It's between us and Reform' at next general election
A Liberal Democrat source has said "It's between us and Reform" at the next General Election as the party looks to boost their polling.
New data has suggested Sir Ed Davey has the highest favourability ratings of any UK party leader and tends to win in head-to-head polls for who voters would prefer as Prime Minister, reports The New Statesman.
In addition to this, in by-elections this year Sir Ed's party has won more council seats than Labour, the Conservatives and Greens combined, only second to Reform.
A source said: "When it comes to real elections, we have shown time and again that the Liberal Democrats are the strongest Reform-fighting machine in British politics."
James Cartlidge reflects on national service policy - 'We have to reflect on that'

Shadow Defence Secretary James Cartlidge on GBN Breakfast this morning
|GB NEWS
James Cartlidge said he "needed to reflect" over his party's controversial national service policy.
In last year's General Election campaign, the Conservatives pledged to reintroduce 12 months of mandatory national service if they had won.
The Shadow Defence Secretary told GB News: "We still need really good people joining the armed forces.
"On national service, we had very difficult election result where that was a flagship policy so we have to reflect on that.
"But I am absolutely committed in the new year looking into the biggest issue, its not just getting them in [to the armed forces], it's keeping them in."
All English secondary schools to teach about healthy relationships
All secondary schools in England will have to teach students about healthy relationships to tackle misogyny as Sir Keir Starmer said too often toxic ideas are "going unchallenged."
Ministers are set to announce plans to intervene early on worrying behaviour of young people as part of the Government’s strategy to halve violence against women and girls (Vawg) in a decade.
Teachers will be given specialist training to talk to pupils about issues such as consent and children who show harm towards parents, siblings or in relationships will be signed up to behaviour change programmes.
Secondary school children as young as 11, mainly boys, could be sent on the anti-misogyny training courses if they exhibit concerning behaviour, the Times reported.
The pilot could be extended to primary schools too, the newspaper also said.
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