Published: Sun, November 25, 2018
Markets | By Erika Turner

European Union endorses Brexit deal in breakthrough

European Union endorses Brexit deal in breakthrough

While the Prime Minister may be relieved that Spain - which threatened to veto the deal over talks regarding the status of Gibraltar - did not scupper the summit, the weekend's agreement is far from her final hurdle.

The deal must still be endorsed by the British parliament and European Union parliament.

What does the PM's letter say?

"It must mark the point when we put aside the labels of "Leave" and "Remain" for good and we come together again as one people".

French President Emmanuel Macron said Britain's Brexit vote showed Europe needed reform.

She promised she would be "campaigning with my heart and soul" to win the vote in the Commons.

Sanchez said it meant "the relationship between Gibraltar and the European Union - political, legal and geographical relationship - will go through Spain".

"With Brexit settled", the government will be able to focus on issues such as the economy, the NHS and building homes, she added. But not the end of the arguments Theresa May has to make about our relationship with the rest of the continent.

In what is seen as the latest chapter in the long-running Brexit saga, the leaders are due to vote on the draft texts agreed by both sides after months of complex and arduous negotiations.

What will happen at the summit?

It follows more than 18 months of negotiations between the two sides, which began when the United Kingdom triggered Article 50 in the wake of the 2016 referendum leave vote.

A Brexit deal is "within our grasp", Theresa May said on Thursday (22 November) after negotiators concluded a political declaration on what EU-UK relations should look like post-Brexit.

One single sentence devoted to space activities in the EU-UK political declaration states that "the Parties should consider appropriate arrangements for co-operation on space".

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But in a sharp response, Mrs May said: "The UK's position on the sovereignty of Gibraltar has not changed and will not change".

Emmanuel Macron has warned that the United Kingdom will have to remain in a customs union after Brexit unless European fishermen are given full access to British waters during trade negotiations.

However, the deal still needs approval from the UK Parliament, which is expected to vote on the deal towards the beginning of December.

Ominously, the Northern Ireland party, the Democratic Unionist Party, whose 10 lawmakers May's minority government relies on to remain in power, says it will vote against the deal.

After nearly 18 months of tough negotiations, leaders of the 27 nations took just 38 minutes to approve the deal at a summit in Brussels today. "Changes can not be made without the due involvement of the European Parliament".

May insists her deal delivers on the things that matter most to pro-Brexit voters - control of budgets, immigration policy and laws - while retaining close ties to the U.K.'s European neighbors.

But May, who is in Brussels to meet European Union leaders ahead of Sunday's Brexit summit, insisted she hasn't given an inch on the issue.

May was asked by reporters on Sunday if she would step down as prime minister if her deal flopped.

What are Mrs May's critics saying?

"Not a brighter future, just dimmer and diminished".

"There is no plan B. This is the deal on the table and I'm not willing to contemplate defeat in the British Parliament because I have every confidence in Theresa May and the wisdom of the British people".

Spain has signalled it is preparing a fresh push over the sovereignty of Gibraltar as the Brexit talks enter a new phase of negotiations.

The DUP has said it may drop its backing of the government because of the Brexit plan.

Amazon says some customer email addresses exposed
Last year, Amazon recorded a profit of almost $2 billion during its fiscal quarter covering the holiday season. There was no breach of Amazon systems or its website, and passwords were kept safe, according to the company.

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