UK and EU agree Brexit reset commerce deal

The UK and the EU have agreed a brand new post-Brexit reset commerce deal after months of negotiations.

A UK authorities supply stated: “All in all, a great deal for all.”

The talks had been the primary since Boris Johnson agreed the preliminary Brexit deal in January 2020, when the UK left the EU.

Politics newest: Particulars of UK-EU deal emerge

Sky Information understands the EU wished everlasting entry to UK waters for fishing, however they’ve agreed to entry for 12 years.

There will likely be no change to the present entry for UK fishing communities, with no discount in British quotas or enhance within the quantity the EU is allowed to catch.

Fishing rights had been a significant a part of the Brexit “depart” marketing campaign, though fishing solely accounts for 0.4% of GDP.

Particulars are anticipated later in the present day on defence and safety, which may characteristic an settlement permitting British corporations entry to a £125 billion EU defence.

The 2 sides had been additionally taking a look at offers permitting British travellers to make use of e-gates at European airports and slicing purple tape on meals exports and animal/plant well being for commerce.

Sky Information understands talks are persevering with on a youth mobility scheme to permit individuals aged 18-30 within the UK and the EU to maneuver freely between international locations for a restricted time frame.

Sir Keir Starmer promised in his 2024 election manifesto he would signal a brand new commerce and safety cope with the EU, and has launched into a attraction offensive throughout Europe since successful energy.

Chancellor Rachel Reeves informed a gathering of enterprise leaders it had “not been simple” to succeed in a deal however stated it will “make it simpler” for UK companies.

EU relations minister Nick Thomas Symonds stated it was a “historic day”.

“Good for jobs, good for payments, good for borders,” he posted on X.

“And extra…Britain again on the world stage, with a authorities within the service of working individuals.”

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Conservative chief Kemi Badenoch referred to as the deal “very regarding” and stated 12 years EU entry for fishing is 3 times longer than the federal government wished.

“We’re turning into a rule-taker from Brussels as soon as once more,” she stated.

“And with no particulars on any cap or cut-off dates on youth mobility, fears of free motion returning will solely enhance.”

Reform UK chief and Brexiteer Nigel Farage described the deal as a “give up” and stated the 12-year fishing deal “would be the finish of the fishing trade”.

Enterprise Secretary Jonathan Reynolds informed Sky Information particulars had been nonetheless being labored out simply three hours earlier than the deadline.

With simply over an hour to go earlier than the 10am deadline, the EU ambassadors’ committee permitted the deal, forward of a summit with EU leaders in London this morning.

A information convention to announce the small print of the deal is about for later.

This breaking information story is being up to date and extra particulars will likely be revealed shortly.

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