Recent political progress should be seen as no more than the first few steps down a long and difficult road and so, warns Paul O'Connor, we must expect more surprises, setbacks and market volatility
Multiple sources now suggest UK and EU negotiators have reached a draft agreement on Britain's terms for leaving the EU (the withdrawal agreement), including backstop mechanisms designed to ensure Brexit does not create a hard border in Northern Ireland. The next challenge facing the prime minister is to sell the draft exit treaty to her cabinet, which is formally meeting at 2pm today to discuss the reportedly 500-plus page draft document. The broad plan here seems to be to obtain cabinet approval today, with a formal agreement then signed off at a special EU summit in late November, bef...
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