The UK and EU have today announced that they have reached an agreement on a trade deal. Policy Chair at the City of London Corporation, Catherine McGuinness, said:

“We are very pleased that both UK and EU negotiators have finally been able to come to a free trade agreement. This is positive news that – subject to ratification – opens a new chapter and provides long-awaited certainty for businesses and households on both sides of the Channel at a vital moment.

“We hope it can lay the foundations for a collaborative future partnership as independent partners. We also urge both sides to continue to work on other outstanding issues, including agreeing a framework for regulatory and supervisory cooperation and granting data adequacy.

“A constructive relationship between the UK and EU will be vital to address joint challenges and opportunities such as the digitisation of the economy and climate change.”

ENDS

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk