The UK and the EU have agreed a brand new post-Brexit reset commerce deal after months of negotiations.
A UK authorities supply mentioned: “All in all, an excellent deal for all.”
The talks have been the primary since Boris Johnson agreed the preliminary Brexit deal in January 2020, when the UK left the EU.
Politics newest: Details of UK-EU deal emerge
Talks went “all the way down to the wire”, with a breakthrough at about 10.30pm on Sunday forward of a Monday 10am deadline, as UK fishing rights have been, but once more, a serious sticking level.
Sky Information understands the EU needed everlasting entry to UK waters for fishing, however they’ve agreed to entry for 12 years.
There might 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 have been a serious a part of the Brexit “depart” marketing campaign, though fishing solely accounts for 0.4% of GDP.
UK-EU reset deal completed
Particulars are anticipated later at the moment on defence and safety, which might characteristic an settlement permitting British companies entry to a £125 billion EU defence.
The 2 sides have been additionally offers permitting British travellers to make use of e-gates at European airports and reducing pink 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 period.
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 allure offensive throughout Europe since profitable energy.
Chancellor Rachel Reeves informed a gathering of enterprise leaders it had “not been simple” to achieve a deal however mentioned it will “make it simpler” for UK companies.
EU relations minister Nick Thomas Symonds mentioned 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 mentioned 12 years EU entry for fishing is thrice longer than the federal government needed.
“We’re turning into a rule-taker from Brussels as soon as once more,” she mentioned.
“And with no particulars on any cap or deadlines on youth mobility, fears of free motion returning will solely enhance.”
Fishing was a serious sticking level within the talks. Pic: PA
Reform UK chief and Brexiteer Nigel Farage described the deal as a “give up” and mentioned the 12-year fishing deal “would be the finish of the fishing trade”.
Enterprise Secretary Jonathan Reynolds informed Sky Information particulars have 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 accepted the deal, forward of a summit with EU leaders in London this morning.
A information convention to announce the main points of the deal is about for later.
