Brexit – the deal is done

Susie Walker

Susie Walker

Partner and Head of Tax

24 December 2020

After protracted negotiations, it has taken to Christmas Eve to agree the terms between the UK and EU negotiating teams and Brussels and London now have a week to review and approve the detail in Parliament. 

It is being portrayed as a big win for the UK by Boris Johnson, with the EU side presenting it as a fair agreement.  The finer detail of what has been agreed will come out in the coming days.

Headlines include:

  • No tariffs or quotas when trading between the UK and EU
  • Some border controls will be put in place
  • No hard border in Ireland
  • The length of the transition period to move to new fishing rules is where the UK compromised

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