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Brexit Deal Agreement

Both sides will lose hundreds of thousands of jobs and much of their income if they fail to reach a compromise agreement. But Brussels and London have racked their heels and both vowed not to compromise on key issues. On 22 October 2019, the House of Commons agreed by 329 votes to 299 to grant the revised Withdrawal Agreement (negotiated by Boris Johnson earlier this month) at second reading, but when the accelerated timetable it proposed did not receive the necessary parliamentary support, Johnson announced that the legislation would be on hold. [38] [12] The EU and the UK reach a provisional agreement. It provides for a transitional period until 31 December 2020, during which all EU rules will continue to apply. It also covers the border between Ireland and Northern Ireland. When the UK was in the EU, it was automatically part of the EU`s trade agreements with more than 70 countries. It is also in talks with countries like the United States and Australia. The main difference lies in the crucial issue of the Irish border and whether the UK will leave the customs union altogether after the transition period. During his election campaign, the president-elect warned that any trade agreement between the United States and Britain must be conditional “on compliance with the Good Friday Agreement and the return of a hard border” on the island of Ireland.

The EU has accused Britain of retaining the privileges it had as a member of the bloc without respecting EU rules. The U.K. says the Bloc is making demands it has not made of other countries with which it has trade agreements, such as Canada. Receipt of the deal in the House of Commons ranged from fresh to hostile and the vote was delayed by more than a month. . . .