WINDSOR FRAMEWORK: Brexit Latest: Sunak says deal means UK has ‘taken back control’

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 109 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 84%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

UK Prime Minister Rishi Sunak struck a deal with European Commission President Ursula von der Leyen on new trading arrangements for Northern Ireland, potentially ending a stand-off that’s poisoned relations with the European Union since Brexit.

In a press conference, Sunak said the UK and EU were at “the beginning of a new chapter in our relationship.” Von der Leyen said the “extraordinary” agreement — known as the “Windsor Framework” — provides for “long-lasting solutions.”

Removal of existing requirements on trade from Northern Ireland to Great Britain, as well as on pets and parcels traveling between the two regions Varadkar said it was important to give unionists in Northern Ireland time to “sit down and examine the detail” of the agreement.Jeffrey Donaldson, leader of Northern Ireland’s Democratic Unionist Party, said he welcomed Sunak’s progress but wasn’t yet prepared to endorse the deal.

“We will not snipe, we will not seek to play political games,” Starmer said in the House of Commons. “When the prime minister puts this deal forward for a vote, Labour will support it and vote for it.”Sunak: Deal Ends ‘Automatic Ratchet’ of EU Law Cash sits on the so-called Star Chamber of legal advisers that backbench Conservative Brexiteers in the European Research Group are preparing to use to help judge whether the new deal is acceptable to them.Northern Irish business groups welcomed the apparent stability the deal offers, but stressed there may be future issues to work through.

“We now have a solution on the table and I encourage the DUP to join with the rest of the parties and actually make politics work here,” Michelle O’Neill, Sinn Fein’s vice president, said to reporters in Belfast. The party’s president Mary Lou McDonald also endorsed the agreement. “Today’s announcement of the positive outcome in negotiations on the Protocol between the EU and the UK is most welcome. It is the result of a long and difficult process to find joint solutions.”

“Burdensome bureaucracy will be scrapped,” Sunak said, announcing what he called the “Windsor Framework,” an agreement he said would remove “any sense of a border in the Irish Sea.”Sterling rose to a session-high after news of the announcement. The pound increased by as much as 0.7% to $1.2030, making it the second-best performing major currency Monday.

While a minister would typically be expected to support government policy, Baker has been one of the most hardline Brexiteers in parliament in recent years. Bloomberg previously reported he was considering resignation, unhappy at being kept out of the loop on negotiations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: UK, EU Seal New Post-Brexit Deal on Northern Ireland TradeThe UK and European Union reached a new deal on Northern Ireland’s trading arrangements aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit.
Source: dailymaverick - 🏆 3. / 84 Read more »