Brexit deal done after last-minute fish fight

Some are calling it ‘Merry Brexmas’ as the UK and EU finally strike a Brexit trade agreement.

Talks on a deal went down to the wire, with the UK due to leave the single market and customs union at the end of the month.

Sources in London and Brussels said overnight that a deal was close.

But news conferences expected Thursday (December 24) morning never took place.

EU sources said wrangling over fishing quotas was to blame, only for a deal to finally get over the line.

That should include agreement on other sticking points, such as how to ensure a level playing field for competition.

A deal will avert the prospect of both sides imposing widespread import taxes come January the 1st.

It also covers issues such as security, transport, and energy.

But even with a deal businesses will face new red tape and new costs.

Further disruption at ports seems certain.

But most economists say the alternative of a no-deal exit looked much worse.