Summary
The UK has reached a new agreement with the European Union to improve trade ties, but it will not rejoin the EU's customs union or single market. The arrangement aims to reduce trade problems and includes accepting some EU rules, which has stirred debate. The deal details, costs, and its impact on travel and trade will need ongoing discussions and adjustments.
Key Facts
- The UK has signed a new trade agreement with the European Union.
- The UK will not return to the EU's customs union, single market, or allow freedom of movement.
- The deal aims to reduce trade issues between the UK and EU.
- The UK will accept some changing EU rules, an aspect that has caused debate.
- Details and costs of the deal are still being negotiated.
- The agreement will influence trade, defense cooperation, and travel rules between the UK and EU.
- The UK and EU will hold annual summits to discuss their relationship.
- This new arrangement reflects a constantly evolving relationship between the UK and EU.
