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Video report by ITV News Correspondent Juliet Bremner
Prime Minister Boris Johnson said the deal will help protect jobs and provide certainty to businesses, as he hailed the accomplishment.
European Commission president Ursula von der Leyen said the deal is fair and balanced and it is the right and responsible thing to do for both sides.”
But how have politicians, the leaders of the nations and the people who are most affected by the deal reacted?
Politicians
Labour leader Sir Keir Starmer has said Labour will accept and vote for” the post-Brexit deal when it reaches Parliament, but he said a better deal could have been negotiated.
Sir Keir said: “At a moment of such national significance, it is just not credible for Labour to be on the sidelines.
“That is why I can say today that when this deal comes before Parliament, Labour will accept it and vote for it.
“But let me be absolutely clear – and say directly to the Government – up against no de
news
EU diplomats to get Brexit trade deal briefing
EU ambassadors are to receive a Christmas Day briefing on the post-Brexit trade deal reached with the UK.
EU chief negotiator Michel Barnier will update the diplomats on the agreement, reached after months of fraught talks on fishing rights and business rules.
The UK is set to exit EU trading rules on 31 December - a year after officially leaving the 27-nation bloc.
MPs are still waiting to see the full text of the free trade deal ahead of a vote in Parliament on 30 December.
Labour said it was a thin agreement but they would back it as the only alternative to a no deal, meaning it should win approval.
By Reuters Staff
(Adds quotes)
LONDON, Dec 24 (Reuters) - Britain’s fishing industry is disappointed that a Brexit trade deal struck with the European Union does not represent more of a reduction in the access that the bloc currently has to British waters, an industry representative said.
“The industry will be bitterly disappointed that there is not more of definitive break,” Barrie Deas, chief executive of The National Federation of Fishermen’s Organisations, told Reuters. “It’s a bit of a fudge.”
British Prime Minister Boris Johnson said earlier on Thursday that Britain had agreed a “reasonable” five-and-half-year transition period with the EU over fisheries, longer than the three years it wanted but shorter than the 14 years the EU had originally asked for.
Prime Minister Boris Johnson has sacrificed the fishing industry in a drive to secure a trade deal with the EU, fishing organisations have said. Barrie Deas, chief executive of the National