UK and EU reach agreement on post-Brexit trade deal

Britain Politics

A post-Brexit trade deal has been agreed by negotiators from the UK and the European Union after months of talks and frantic last-minute wrangling.

The deal was secured on Christmas Eve, a week before current trading arrangements expire.

A UK source said the deal delivered "everything that the British public was promised during the 2016 referendum".

Prime Minister Boris Johnson and European Commission president Ursula von der Leyen were in close contact over recent days to help get the deal over the line.

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UK and EU reach agreement on post-Brexit trade deal
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UK and EU reach agreement on post-Brexit trade deal
LONDON, UNITED KINGDOM - DECEMBER 24: (----EDITORIAL USE ONLY MANDATORY CREDIT - "PIPPA FOWLES / No10 DOWNING STREET / HANDOUT" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) British Prime Minister Boris Johnson calls President of European Commission, Ursula von der Leyen via video link from the Cabinet room, in London, United Kingdom on December 24, 2020. (Photo by Pippa Fowles/No10 Downing Street/Anadolu Agency via Getty Images)
LONDON, UNITED KINGDOM - DECEMBER 24: (----EDITORIAL USE ONLY MANDATORY CREDIT - "ANDREW PARSONS / No10 DOWNING STREET / HANDOUT" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) British Prime Minister Boris Johnson speaks to President of the European Commission Ursula von der Leyen via video link from the Cabinet room after completing the Brexit deal, in London, United Kingdom on December 24, 2020. (Photo by Andrew Parsons/No10 Downing Street/Anadolu Agency via Getty Images)
LONDON, ENGLAND - DECEMBER 24: Prime Minister, Boris Johnson holds a press conference on reaching a Brexit trade deal in Downing Street on December 24, 2020 in London, England. Four and a half years after British voters elected to leave the EU, and mere days before the latest and presumably final deadline, UK and EU leaders have announced a trade deal defining the terms of the breakup. (Photo by Paul Grover - WPA Pool/Getty Images)
LONDON, ENGLAND - DECEMBER 24: Prime Minister, Boris Johnson holds a press conference on reaching a Brexit trade deal in Downing Street on December 24, 2020 in London, England. Four and a half years after British voters elected to leave the EU, and mere days before the latest and presumably final deadline, UK and EU leaders have announced a trade deal defining the terms of the breakup. (Photo by Paul Grover - WPA Pool/Getty Images)
The media gathered outside 10 Downing Street, London, ahead of a briefing from Prime Minister Boris Johnson the agreement of a post-Brexit trade deal.
European Commission President Ursula von der Leyen prepares to address a media conference on Brexit negotiations at the EU headquarters in Brussels, on December 24, 2020. - Britain said on December 24, 2020, an agreement had been secured on the country's future relationship with the European Union, after last-gasp talks just days before a cliff-edge deadline. (Photo by Francisco Seco / POOL / AFP) (Photo by FRANCISCO SECO/POOL/AFP via Getty Images)
European Commission President Ursula von der Leyen addresses a media conference on Brexit negotiations at EU headquarters in Brussels, Thursday, Dec. 24, 2020. (AP Photo/Francisco Seco, Pool)
Larry the cat, Chief Mouser to the Cabinet Office catches a pigeon as journalists await results of the Brexit trade deal in Downing Street in London, Thursday, Dec. 24, 2020. European Union and British negotiators are closing in on a trade deal with only a disagreement over fishing remaining, After resolving a few remaining fair competition issues, negotiators were dealing with EU fisheries rights in U.K. waters Wednesday as they worked to secure a deal for a post-Brexit relationship after nine months of talks. (AP Photo/Frank Augstein)
Larry the cat, Chief Mouser to the Cabinet Office catches a pigeon as journalists await results of the Brexit trade deal in Downing Street in London, Thursday, Dec. 24, 2020. European Union and British negotiators are closing in on a trade deal with only a disagreement over fishing remaining, After resolving a few remaining fair competition issues, negotiators were dealing with EU fisheries rights in U.K. waters Wednesday as they worked to secure a deal for a post-Brexit relationship after nine months of talks. (AP Photo/Frank Augstein)
Journalists put their heads together in Downing Street in London, Thursday, Dec. 24, 2020. Britain and the European Union have struck a provisional free-trade agreement that should avert New Year chaos for cross-border traders and bring a measure of certainty for businesses after years of Brexit turmoil. (AP Photo/Frank Augstein)
Journalists report in Downing Street in London, Thursday, Dec. 24, 2020. Britain and the European Union have struck a provisional free-trade agreement that should avert New Year chaos for cross-border traders and bring a measure of certainty for businesses after years of Brexit turmoil. (AP Photo/Frank Augstein)
European Commission President Ursula von der Leyen, right, and European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier address a media conference on Brexit negotiations at EU headquarters in Brussels, Thursday, Dec. 24, 2020. (AP Photo/Francisco Seco, Pool)
Police speak to anti-Brexit protestor Steve Bray, at the gates of Downing Street, London, Thursday, Dec. 24, 2020. Negotiators from the European Union and Britain worked through the night and into Christmas Eve to put the finishing touches on a trade deal that should avert a chaotic economic break between the two sides next week. Trade will change regardless come Jan. 1, when the U.K. leaves the bloc’s single market and customs union. (Victoria Jones/PA via AP)
The media gathered outside 10 Downing Street, London, ahead of a briefing from Prime Minister Boris Johnson the agreement of a post-Brexit trade deal.
LONDON, ENGLAND - DECEMBER 24: Prime Minister, Boris Johnson holds a press conference on reaching a Brexit trade deal in Downing Street on December 24, 2020 in London, England. Four and a half years after British voters elected to leave the EU, and mere days before the latest and presumably final deadline, UK and EU leaders have announced a trade deal defining the terms of the breakup. (Photo by Paul Grover - WPA Pool/Getty Images)
Prime Minister Boris Johnson arrives for a media briefing in Downing Street, London, on the agreement of a post-Brexit trade deal.
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But negotiations led by the EU's Michel Barnier and the UK's Lord Frost continued throughout the day as final details were hammered out.

A Downing Street source said: "We have taken back control of our money, borders, laws, trade and our fishing waters.

"The deal is fantastic news for families and businesses in every part of the UK. We have signed the first free trade agreement based on zero tariffs and zero quotas that has ever been achieved with the EU.

"The deal is the biggest bilateral trade deal signed by either side, covering trade worth £668 billion in 2019."

The deal takes the UK out of the "lunar pull of the EU", no longer bound by Brussels' rules or the judgments of the European Court of Justice.

"All of our key red lines about returning sovereignty have been achieved," the source said.

"It means that we will have full political and economic independence on January 1 2021."

Echoing the Prime Minister's election slogan, the source said "we have got Brexit done".

European Commission chief Mrs von der Leyen said: "We have finally found an agreement.

"It was a long and winding road, but we have got a good deal to show for it.

"It is fair, it is a balanced deal, and it is the right and responsible thing to do for both sides."

She said the deal meant "EU rules and standards will be respected" with "effective tools to react" if the UK side tries to undercut Brussels to seek a competitive advantage.

There will be a five-and-a-half year transition period for the fishing industry, she indicated.

And co-operation will continue on issues including climate change, energy, security and transport.

Mrs von der Leyen said she felt "quiet satisfaction" and "relief" that a deal had been concluded.

"It is time to leave Brexit behind, our future is made in Europe," she added.

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Pictures of the week: December 20 - 26
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Pictures of the week: December 20 - 26
A Polish lorry driver, who has fashioned a makeshift Christmas tree out of empty Heineken cans, waits at a truck stop near Folkestone, Kent. Hundreds of travellers are spending Christmas Day as they wait to resume their journey to the Port of Dover and across The Channel now that the borders with France have reopened. (Photo by Gareth Fuller/PA Images via Getty Images)
Jack, 7, stands in flood water in Great Barford in Bedfordshire, after residents living near the River Great Ouse in north Bedfordshire were "strongly urged" to seek alternative accommodation due to fears of flooding. (Photo by Joe Giddens/PA Images via Getty Images)
Swimmers in Santa hats line up ready to take a Christmas Day dip at the Serpentine, in central London. The Peter Pan Cup, the race organised annually on Christmas Day by the Serpentine Swimming Club, has been cancelled due to the coronavirus restrictions in Tier 4 London. (Photo by Aaron Chown/PA Images via Getty Images)
A woman wearing a face mask passes a billboard on Oxford Street, London. Prime Minister Boris Johnson cancelled Christmas for almost 18 million people across London and eastern and south-east England following warnings from scientists of the rapid spread of the new variant of coronavirus.
Children's playground equipment pokes out from floodwater surrounding Tewkesbury Abbey, where flood watches are in place with more wet weather expected in the coming days.
LONDON, ENGLAND - DECEMBER 23: D-Day veteran and Chelsea Pensioner Bob (Robert) James Sullivan, 98, a resident at the Royal Hospital Chelsea, is applauded by staff after receiving an injection of the Pfizer/BioNTech Covid-19 vaccine from Pippa Nightingale, Chief Nurse at the nearby Chelsea and Westminster Hospital on December 23, 2020. Chelsea Pensioners are all former soldiers of the British Army over the age of 65, who reside at the Royal Hospital Chelsea, founded by King Charles II in 1682, and wear a uniform which includes a scarlet coat. (Photo by Aaron Chown - WPA Pool/Getty Images)
A french firefighter from the Sapeurs-Pompiers du Nord, who has been deployed from France to assist in testing, conducts a COVID-19 test on a driver at the Port of Dover, Kent, where thousands are waiting to resume their journey across The Channel after the borders with France reopened. Delays continue as travellers must be able to show proof of a negative test result carried out within the past 72 hours in order to be able to cross into France. (Photo by Aaron Chown/PA Images via Getty Images)
A jogger passes The Palace of Westminster as he runs along south bank of the River Thames in London on December 24, 2020, as Britain and the EU wait for a final announcement to be made on a successful post-Brexit deal. - The pound and European stock markets rose Thursday with Britain and the EU finally expected to announce a post-Brexit trade deal. (Photo by DANIEL SORABJI / AFP) (Photo by DANIEL SORABJI/AFP via Getty Images)
Larry the cat, Chief Mouser to the Cabinet Office catches a pigeon as journalists await results of the Brexit trade deal in Downing Street in London, Thursday, Dec. 24, 2020. European Union and British negotiators are closing in on a trade deal with only a disagreement over fishing remaining, After resolving a few remaining fair competition issues, negotiators were dealing with EU fisheries rights in U.K. waters Wednesday as they worked to secure a deal for a post-Brexit relationship after nine months of talks. (AP Photo/Frank Augstein)
A cleaner sweeps the pavement front of 10 Downing Street in London, Thursday, Dec. 24, 2020. Negotiators from the European Union and Britain worked through the night and right into Christmas Eve to put the finishing touches on a trade deal that should avert a chaotic economic break between the two sides on New Year’s Day. (AP Photo/Frank Augstein)
Cars drive towards check-in at the Port of Dover in Kent, after French authorities announced that journeys from the UK will be allowed to resume after the coronavirus ban was lifted, but those seeking to travel must have a negative test result.
LONDON, Dec. 22, 2020 -- The facade of the Fortnum and Mason food store is seen decorated in the style of an Advent calendar in London, Britain, Dec. 22, 2020. (Photo by Han Yan/Xinhua via Getty) (Xinhua/Han Yan via Getty Images)
Police hold back drivers trying to enter the Port of Dover in Kent after French authorities announced that the coronavirus ban was lifted and journeys from the UK will be allowed to resume, but that those seeking to travel must have a negative test result.
Nurse Heather Ong (right) gives Frewyne Hadera the Pfizer-BioNTech vaccine at the Thackray Museum of Medicine in Leeds, the first UK museum to host a COVID-19 vaccination centre, as BioNTech boss Ugur Sahin says he is confident vaccine will work on UK variant.
LONDON, ENGLAND - DECEMBER 23: Eden Silva plays a backhand shot during their round robin match against Katy Dunne during Day Four of the Battle of the Brits Premier League of Tennis at the National Tennis Centre on December 23, 2020 in London, England. (Photo by Tom Dulat/Getty Images for LTA)
Drivers block an arriving lorry from exiting the the Port of Dover in Kent after French authorities announced that the coronavirus ban was lifted and journeys from the UK will be allowed to resume, but that those seeking to travel must have a negative test result.
A drive sits in the cab of his lorry while parked on the M20 in Kent after the Port of Dover was closed after the French government's announcement it will not accept any passengers arriving from the UK. France appears set to end a ban on hauliers crossing the Channel which was imposed due to fears about the spread of the new coronavirus strain.
LONDON, ENGLAND - DECEMBER 21: Christmas decorations line a street near Tower Bridge on December 21, 2020 in London, England. Many Christmas events have been cancelled this year due to the Coronavirus Pandemic but London is festooned with Christmas Lights across the capital. (Photo by Joseph Okpako/Getty Images)
A man dressed as Santa Claus waves to patient Emma from a cherry picker outside Leeds Children's Hospital in Leeds, England, Monday Dec. 21, 2020. "Operation Airborne Santa" transported Santa using the cherry picker to all four floors of the hospital to talk to patients from a safe distance, after visits to the wards were stopped to prevent the spread of the coronavirus among patients, their families and hospital staff. (Danny Lawson/PA via AP)
Gabriel Clemens (left) and Nico Kurz (right) during day seven of the William Hill World Darts Championship at Alexandra Palace, London. (Photo by Adam Davy/PA Images via Getty Images)
Empty check-in lanes at the Port of Dover in Kent which has been closed after the French government's announcement it will not accept any passengers arriving from the UK for the next 48 hours amid fears over the new mutant coronavirus strain.
LONDON, ENGLAND - DECEMBER 21: A Christmas light installation stands near London City Hall on December 21, 2020 in London, England. Many Christmas events have been cancelled this year due to the Coronavirus Pandemic but London is festooned with Christmas Lights across the capital. (Photo by Joseph Okpako/Getty Images)
Burnley's Ashley Barnes, centre, celebrates with teammates after scoring his side's opening goal during the English Premier League soccer match between Burnley and Wolverhampton Wanderers at the Turf Moor stadium in Burnley, England, Monday, Dec. 21, 2020. (Gareth Copley/Pool via AP)
LONDON, ENGLAND - DECEMBER 20: The Salisbury pub in Covent Garden offers take away beer as new lockdown restrictions come into effect on December 20, 2020 in London, England. London and the South East enter a 'Tier 4' lockdown as a new coronavirus strain is detected in the lead up to Christmas. (Photo by Joseph Okpako/Getty Images)
Police and port staff turn away vehicles from the Port of Dover in Kent which has been closed after the French government's announcement it will not accept any passengers arriving from the UK for the next 48 hours amid fears over the new mutant coronavirus strain.
DECEMBER 20th 2020: Emergency lockdown restrictions are imposed in The United Kingdom during the worldwide coronavirus pandemic as health officials take measures to prevent a new variant of the virus from affecting greater Europe. - File Photo by: zz/KGC-246/STAR MAX/IPx 2020 3/19/20 Idle passenger airplanes parked on the apron at Manchester Airport on March 19, 2020 as The Coronavirus limits air travel around the world. (Manchester, England, UK)
A DFDS ferry leaves from the Port of Dover which has been closed after the French government's announcement it will not accept any passengers arriving from the UK for the next 48 hours amid fears over the new mutant coronavirus strain.
Shoppers wearing face masks walk on the street. Prime Minister Boris Johnson announced on Saturday 19 December, that London and South East of England will move into Tier four restrictions and asked people to 'stay at home'. (Photo by Dinendra Haria / SOPA Images/Sipa USA)
A sign on the M56 motorway informs drivers that all routes into France are closed at the junction with the M6 at Lower Stretton near Warrington, northwest England, on December 21, 2020. - The British prime minister was to chair a crisis meeting on December 21 as a growing number of countries blocked flights from Britain over a new highly infectious coronavirus strain the UK said was "out of control". Crucial transit country France moved to block people and goods crossing the Channel, while the Netherlands said passengers arriving by ferry would be denied entry. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)
LONDON, ENGLAND - DECEMBER 20: People order takeout at restaurants in Chinatown on December 20, 2020 in London, England. London and the South East enter a 'Tier 4' lockdown as a new coronavirus strain is detected in the lead up to Christmas. (Photo by Joseph Okpako/Getty Images)
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