European Union chiefs sign post-Brexit UK trade deal

European Union chiefs sign post-Brexit UK trade deal

The bill then received final approval from Queen Elizabeth, enabling it to officially become law in Britain.

Members of Parliament for the House of Commons voted 521 to 73 - a majority of 448 - on Wednesday to support the post-Brexit trade deal agreed by negotiators from London and Brussels on Christmas Eve.

It then received an unopposed third reading in the House of Lords after almost eight hours of debate.

The House of Lords will also debate the bill later.

Boris Johnson's European Union trade deal has cleared the House of Commons, as the Government seeks to rush approval through Parliament in a single day.

Each side will work "hand-in-glove whenever our values and interests coincide, while fulfilling the sovereign wish of the British people to live under their own laws, made by their own elected parliament", Johnson will say.

"This thin deal is better than no deal at all, but still creates major trade barriers with our closest neighbour, which will inhibit growth and slow the economic recovery", said Marley Morris, an IPPR director focusing on trade and European Union relations.

"This moment is finally upon us and now is the time to seize it", he added.

A post-Brexit trade deal between Japan and the United Kingdom is set to come into force Friday, ensuring business continuity and strengthening the bilateral relationship as London seeks to join the larger Trans-Pacific Partnership free trade agreement.

European Commission President Ursula von der Leyen and European Council chief Charles Michel put their ink on the agreement on Wednesday morning and Mr Johnson followed several hours later at 1600 GMT.

On this, Ms von der Leyen said: "It has been a long road".

The U.K. left the European Union nearly a year ago, but remained within the bloc's economic embrace during a transition period that ends at midnight Brussels time - 11 p.m.in London - on Thursday.

"Given the extent to which the UK Government have broken their promises to Scotland's fishing community, there will be little chance of them trusting the Tories with this money", Mr Ewing's spokesman said.

"I know the question you'll all be asking yourselves is 'Have I read it?' The answer is yes, and it's an excellent deal for this country but also for our friends and partners", Johnson said.

Ambassadors from all European Union member states on Tuesday gave a green light to the provisional application of the trade agreement from January 1 by making the pact official.

The reason for the provisional application of the deal is that there is not enough time before the end of the year for the agreement to be fully scutinised by the European Parliament, at which point (assuming the parliament approves it) it will be formally ratified.

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