The deal announced on Monday
On Monday, the EU’s chief negotiator Michel Barnier said the legal text of the agreement for the 21 months after Brexit marked a “decisive step” but added that it was “not the end of the road”.
The key aspects of the agreement announced in Brussels are:
- The transitional period will last from Brexit day on 29 March 2019 to 31 December 2020
- EU citizens arriving in the UK between these two dates will enjoy the same rights and guarantees as those who arrive before Brexit. The same will apply to UK expats on the continent
- The UK will be able to negotiate, sign and ratify its own trade deals during the transition period although they can only come into force from 1 January 2021
- The UK will still be party to existing EU trade deals with other countries
- The UK’s share of fishing catch will be guaranteed during transition but the UK will, in effect, remain part of the Common Fisheries Policy, yet without a direct say in its rules, until the end of 2020
Other aspects of the post-Brexit relationship yet to be agreed include what happens to the Northern Ireland border in the longer term.