Breaking News: The UK and EU have agreed a new post-Brexit reset trade deal

The UK and EU have agreed a new post-Brexit reset trade deal after months of negotiations.

• A new deal will keep the current status quo giving EU boats continued access to UK waters until 2038
• The 2020 Brexit deal, which saw the UK regain 25% EU fishing quotas, was due to run out next year
• The UK will continue to agree yearly quotas with the EU and Norway and issue licences to control who fishes in its waters
• A £360m “fishing and coastal growth fund” to invest in new technology and equipment

Sir Keir Starmer declared “Britain is back on the world stage”, while European Commission President Ursula von der Leyen said it was a “historic moment”.