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In Bullet Points: The Key Terms of the Brexit Deal Analyzed

  • Historic deal spells out trading relationship after Dec. 31
  • EU laments the breakup, U.K. calls it a way to rebound in 2021
UK And EU Reach Brexit Trade Deal

Photographer: Paul Grover/WPA Pool/Getty Images

By
Bloomberg News
Updated on

U.K. Prime Minister Boris Johnson’s post-Brexit trade deal is unique in that it will leave businesses facing more barriers to trade than they did while Britain was a member of the European Union.

But that’s the price of reclaiming sovereignty. While he can claim to have taken back control of Britain’s domestic fishing waters and ended the role of the European Court of Justice, businesses and consumers will face a slew of additional barriers to trade after Dec. 31.