U.K. and EU Agree Brexit Deal in a Draft That Hands Wins to May

  • Draft sets out deep economic ties and cooperation on rules
  • May’s next challenge is to get it through hostile Parliament
May speaks in Downing Street about the U.K. and European Union’s agreement in principle on post-Brexit ties.Source: Bloomberg
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The U.K. and the European Union have agreed to the final bit of their Brexit deal, setting out a vision for close economic ties in a draft that hands Prime Minister Theresa May some key political wins.

EU Council President Donald Tusk said the draft declaration on future ties had been agreed in principle, pending leaders’ sign-off on Sunday. May briefed her Cabinet and announced the deal outside of her Downing Street residence.