The latest Brexit news

What has been agreed? In a nutshell today’s deal means that while the UK will leave the EU next March, most of us will not notice the difference for another couple of years. Negotiators have agreed a 21 month transition (or implementation) period during which Britain will continue to abide by EU rules in return for full access to the single market and customs union.

During this period we will keep on paying into EU budgets and freedom of movement will continue. However, we will legally be separate and the time will be used to agree a formal trade treaty with the EU which will come into effect on January 1, 2021, which is now the “real” date of Brexit.

Has Britain had to back down to get a deal? Yes, in certain areas. Theresa May claimed in January that citizens of EU member states coming to Britain during the transition could not expect to be treated in the same way as those who already here. The agreement clearly states that they can expect exactly that.

The right is reciprocal, so British citizens can move to another EU country up until December 31, 2020.

SOURCE - Article and Image: The Times