Explainer-Brexit trade deal will lessen, but not kill, the economic pain
By John Chalmers and Gabriela Baczynska
FILE PHOTO: EU Commission President von der Leyen and British PM Johnson meet in Brussels
(Reuters) – Britain has clinched a last-minute trade agreement with the European Union that will preserve its zero-tariff and zero-quota access to the bloc’s single market of 450 million consumers.
But it is a thin deal that will not prevent economic pain and disruption for the United Kingdom or for EU member states, and many aspects of Britain’s future relationship with the EU remain to be hammered out, possibly over years.