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Gloucestershire Business News

BREAKING NEWS: UK and EU agree Brexit deal

We have a deal - again.

The UK and EU have this morning both announced that a new deal has been agreed that will see Brexit done, if both the European Council and House of Commons agrees.

However, there is still no certainty that the deal will be signed off by the Commons with the DUP announcing within minutes that they are objecting to the new arrangement.

After detailed and lengthy negotiations throughout the last 72 hours, both prime minister Boris Johnson and Jean Claude Junker president of the EU Commission announced a deal had been struck.

At around 10.30am both men tweeted the news with the PM calling it a "great new deal that takes back control."

He later added: "This is a deal which allows us to get Brexit done and leave the EU in two weeks' time, so we can then focus on the people's priorities and bring the country back together again.

"This new deal takes back control. Under the previous negotiation, Brussels maintained ultimate control and could have forced Britain to accept EU laws and taxes for ever.

"We will leave the EU's Customs Union as one United Kingdom and be able to strike trade deals all around the world.

Mr Juncker said it was a "fair and balanced agreement for the EU and the UK" before recommending that the European Council - which is meeting in Brussels this week - endorses it.

If that happens, Parliament could sit on Saturday in order to try and get the deal agreed by the Commons so the UK can leave, as planned on October 31.

That will be the fourth time that a withdrawal agreement has been voted upon and if it were to be turned down, yet more chaos would reign.

The Democratic Unionist Party, whose 10 votes could be crucial in getting the deal through the Commons have announced that they still cannot back it as it stands.

More to follow.

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