Ulta Beauty Earnings Preview: Could the Share Price Face a Short-Term Pullback?
$538.48
04 Dec 2025, 17:50
AI
New agreement includes fishing rights, trade simplifications, and potential youth mobility – aimed at restoring post-Brexit cooperation
A New Chapter in UK-EU Relations
The UK and the European Union have agreed a major post-Brexit trade reset, fulfilling Prime Minister Sir Keir Starmer’s pledge to secure a new deal after taking office in July 2024.
The agreement, finalised late on Sunday night, follows months of negotiations—the first formal talks since the original Brexit deal brokered by Boris Johnson in 2020.
A UK government source described it as “a good deal for all,” with hopes it will bring stability and improve economic cooperation between Britain and the EU.
Fishing Rights: The Key Battleground
One of the final sticking points was, once again, fishing access. EU negotiators had pushed for permanent access to UK waters, but ultimately settled for a 12-year deal.
While fishing represents just 0.4% of UK GDP, it remains a highly symbolic issue post-Brexit. Critics, including Reform UK leader Nigel Farage, have slammed the 12-year term as a “surrender”.
Trade, Travel, and Security Benefits
Beyond fisheries, the deal aims to streamline trade and strengthen UK-EU ties in several key areas:
The full terms are expected to be published shortly, including specific defence and security provisions.
Political Reactions: Divided Opinions
Reactions from across the political spectrum highlight the deep divisions over the deal:
The deal was approved by the EU ambassadors’ committee just over an hour before the 10am Monday deadline, ahead of a summit with EU leaders in London.
A Delicate Reset with Long-Term Stakes
This Brexit reset deal marks a significant step towards rebuilding UK-EU cooperation. While some see it as a practical compromise that will benefit businesses, security, and youth mobility, others argue it undermines UK sovereignty.
With full details still emerging, this agreement could set the tone for a more stable and collaborative future—or reignite political debate over Britain's post-Brexit direction.
Sources: (BBC.co.uk, SKY.com)