Huge credit should go to the PM, Michael Gove and the UK's Chief Negotiator, David Frost for securing a deal in record time.
This is the biggest bilateral trade deal ever signed, worth over £600bn. It means a new relationship with our friends and allies in the European Union.
It means:
- No role for the European Court of Justice and no requirement to follow EU law
- A zero tariff and zero quota arrangement
- Recognition of the UK’s sovereignty over our fishing waters
- Britain outside the Single Market and Customs Union
- Co-operation on law enforcement and emerging security challenges
- Protections for the UK’s internal market and Northern Ireland's place within it
Now it is time for us all to move forward. Together. You can read the PM's full statement here.