Economy

Brexit deal has been agreed, say Boris Johnson and Jean-Claude Juncker

Brexit deal has been agreed, say Boris Johnson and Jean-Claude Juncker”

Chief Brexit Negotiator, Michel Barnier, on Thursday said that the Brexit deal is agreed by negotiators, European Commission President Jean-Claude Juncker, and British Prime Minister Boris Johnson and will be presented at the EU summit.

British Prime Minister Boris Johnson tweeted that the two sides had struck a "great new deal" and urged United Kingdom lawmakers to ratify it in a special session on Saturday.

Yet immediately complicating matters was Johnson's Northern Irish government allies, which didn't waste a minute before announcing they could not back the tentative Brexit deal because of the way it handled the Irish border.

In an extraordinary Saturday sitting, the first since 1982, parliament will vote on approving Johnson's deal.

The prime minister needs all the support he can get to push any deal past a deeply divided Parliament and will surely temper jubilation at the European Union summit.

The UK and the European Union have been working on the deal's legal text, and it will still need to be approved by both the UK and European Union parliaments in order to pass. He has apparently told European leaders that he is "optimistic" that he will be able to get the deal passed by parliament.

Upon the news, the pound hit a five-month high upon the United States dollar. Without it, it appears unlikely that parliament will sit on Saturday, as previously planned. The leader of Britain's main opposition Labour party, Jeremy Corbyn, called on lawmakers to reject the draft deal.

The UK and European Union agreed a "backstop" - a guarantee there would be no return to a hard border with checks, police, or soldiers - because of decades of violence in Northern Ireland in the past.

Separately, British Prime Minister Boris Johnson said "we have a great new Brexit deal".

The party said the position was unchanged after the announcement of the provisional deal. "It's good for Ireland and NI".

But the Democratic Unionist Party (DUP), which supports Johnson's government, said it was not acceptable - a step that could spur hardline Brexiteers in his party to also vote against ratification unless he secures additional changes.

"As things stand, we could not support what is being suggested on customs and consent issues and there is a lack of clarity on Value-Added Tax", the party's leaders said in a statement.

The conundrum was how to prevent the frontier becoming a backdoor into the EU's single market without erecting controls which could undermine the 1998 peace agreement that ended decades of conflict in the province.

"This sell-out deal won't bring the country together and should be rejected", he said in a statement.

Asked whether Johnson would meet the DUP again on Thursday, Jenrick said: "The prime minister and his team are in intensive negotiations with all parties, including with the DUP".

"We want to provide sufficient comfort for the DUP and unionists in Northern Ireland to feel that the arrangements we would put in place with this deal are sufficient to give them comfort to support it".



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