Politics newest: UK and EU signal post-Brexit reset deal – particulars of settlement emerge | Politics Information

Our political editor Beth Rigby is at Lancaster Home, the place the prime minister has simply arrived to host a summit on the UK-EU relationship.

It’s set to finish with the affirmation of a significant post-Brexit deal, the small print of which have been finalised shortly earlier than a 10am deadline.

Beth says it is a “important second,” noting that the Labour manifesto had “promised a reset with the European Union”.

“That’s the negotiation that has been taking place to the wire. 

“As of 10.30pm, negotiations nonetheless have been persevering with with a breakthrough taking place at 2am and EU ambassadors signing off the deal at 7am,” Beth explains.

“Quickly the leaders of the European Union might be right here to rubber stamp that deal and provides us a press convention about it later.”

However what precisely is that this deal about?

Beth says the “arrowhead might be this defence and safety partnership”.

“The UK and the EU have been speaking about it, there may be extra urgency now that Trump is within the White Home and signalling that the EU must step up its defence capabilities.”

She provides that signing a deal will imply the UK can bid for funding and loans “with a purpose to assist arm up Europe”.

“That could be a large win,” she says.

However the place it obtained “actually messy between the EU and the UK was across the commerce deal and fishing rights”.

The prime minister needed a deal on veterinary rights, which primarily means animal merchandise.

This grew to become a sticking level, as a result of the EU in return needed a deal on fishing rights, Beth explains.

“Each side will come out of that claiming a win, however look ahead to the backlash right this moment from Brexiteers concerning the prime minister gifting away fishing rights.”