BREXIT

Business hails breakthrough transition deal over Brexit

David Davis and Michel Barnier announced an agreement yesterday which will give full rights to EU citizens arriving in Britain during the Brexit transition
David Davis and Michel Barnier announced an agreement yesterday which will give full rights to EU citizens arriving in Britain during the Brexit transition
VIRGINIA MAYO/AO

Businesses welcomed a “breakthrough” Brexit transition deal struck yesterday after Theresa May made concessions over the rights of EU citizens.

Under the agreement, announced by David Davis and his European Union counterpart Michel Barnier, the UK will be able to sign trade agreements during a 21-month transition starting on March 29, 2019.

However, Britain will be forced to give full rights to EU citizens moving to the country during that time, and the two sides still need to reach an agreement on Northern Ireland.

Jacob Rees-Mogg, the Tory Eurosceptic, said that Britain had “rolled over” to Brussels
Jacob Rees-Mogg, the Tory Eurosceptic, said that Britain had “rolled over” to Brussels
JONATHAN BRADY/PA

The prime minister had promised in February to “battle the EU” over its demand to extend long-term residency rights to citizens arriving during the transition period.

Conservative Brexiteers described yesterday’s deal as a complete climbdown but said they could accept it