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The UK and EU sealed a historic trade deal today, setting out the terms of their relationship for years to come.
British Prime Minister Boris Johnson held his arms aloft in victory in a photo he tweeted with the words The deal is done after clinching a free-trade deal with the European Union on Thursday at the 11th hour.
European Commission President Ursula von der Leyen said: “We have finally found an agreement. It was a long and winding road, but we have got a good deal to show for it.
“It is fair, it is a balanced deal, and it is the right and responsible thing to do for both sides. Parting is such sweet sorrow.
| UPDATED: 13:33, Wed, Dec 23, 2020
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Brexit talks are coming down the wire as the EU and UK battle it out to secure a deal in time for the deadline on December 31st. From January 1, the UK will have exited the transition period, four years after the UK voted to leave in the Brexit referendum of 2016.
There are hopes that a Brexit trade deal can be struck by Christmas, although EU chief negotiator Michel Barnier has suggested talks could go beyond January 1.
The next 48 hours are seen as crucial if a deal is to be reached and ratified by the end of the year in a bid to avert hugely damaging economic consequences for both sides.
The Government here still believes an agreement can be reached before Christmas with a source saying: “That’s the window to get this done.”
There are concerns that if the talks go into next week and down to the wire as the end of the Brexit transition period looms on December 31 that there could be “real problems”.