• Tuesday, May 24, 2022

Business

European Union, UK Agree Brexit Text, But Gaps Remain Before Summit

British prime minister Theresa May told reporters in London, “the British people want this to be settled, they want a good deal that sets us on course for a brighter future … That deal is within our grasp and I am determined to deliver it.” (Photo: Jack Taylor/Getty Images).

By: Radhakrishna N S

Britain and the European Union agreed a draft text setting out a close post-Brexit relationship, officials said, though wrangles over fish and the future of Gibraltar must still be settled before leaders meet on Sunday (25). Thursday’s (22) news sent the pound nearly one per cent higher on relief among investors that 18 months of tense negotiation were bearing fruit, keeping Britain close to its biggest market and ensuring nothing much will change for at least two years. British prime minister Theresa May told reporters in London, “the British people want this to be settled, they want a good deal…

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