Brexit Bulletin, 23 November 2018

Nov 22, 2018

At the time of writing, there are reports that both sides are making good progress on the Brexit deal and Sunday’s European summit to formally sign off on the withdrawal agreement looks like it might go ahead.

In a statement to the House of Commons yesterday, UK Prime Minister Theresa May said she will travel to Brussels on Saturday to finalise the terms of the Brexit deal before the important EU summit on Sunday where it’s hoped the Brexit withdrawal agreement can be formally signed off.  If this sign-off is achieved, the withdrawal agreement will still need to be ratified by the UK and European Parliaments.

There were signals earlier this week that the text was going to be finalised yesterday. However the UK Prime Minster and European Commission President Jean-Claude Junker met on Wednesday night and while progress was reported, the negotiators had some final details to agree upon.

Last week, the EU and UK agreed the divorce terms and now the talks will focus on the future relationship after Brexit and how close the trading relationship will be.  A political declaration detailing the future relationship between the UK and EU was signed off in principal yesterday.  This needed to be done before the EU Summit takes place because leaders will be asked to endorse this agreement at the summit.  All eyes remain on Brussels.

Not sure of the Brexit timeline? Read more.