Latest Financial News…November 2018
20 months of negotiations Theresa May finally secured a deal on the terms of the UK’s departure from the EU; but whether she has sufficient parliamentary support for her deal remains to be seen. The UK and the EU have now reached agreement on how the Brexit divorce will work. This deal is contained within a legally- binding 585-page withdrawal agreement that officially sets out the terms of the UK’s departure on 29 March 2019. Included within the agreement are details of the £39bn ‘divorce bill’ and a 21-month transition period following the UK’s departure; future commitments over citizens’ rights, and, controversially, the ‘backstop’ arrangement to ensure the Irish border remains unmanned, if trade talks don’t provide a mutually agreeable solution.