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Chancellor of the Exchequer Rishi Sunak said he hoped the Brexit trade deal would “bring people together after the divisions of the past few years”.
Sunak said the deal agreed on Christmas Eve can be an “enormously unifying moment for our country”.
The Chancellor also asked those worried about the implication of the break with Brussels should “enormously reassured about the comprehensive nature of the deal.
In his explanation and reassurance, Mr Sunak said the UK financial industry would remain open to the EU for new relationships and trading.
He also said the deal gives assurance because it creates a “stable regulatory co-operative framework”.
“The UK would remain tariff-free access to European Markets as it capitalizes on new opportunities”.
The Chancellor also said things could be done differently in the financial world, Afterall, the UK has left the EU.
He added: “We will remain in close dialogue with our European partners when it comes to things like equivalence decisions.”
Speaking with Sky News, Shadow Chancellor Annelise Dodds described the deal as a “relief”.
“There will be people struggling to understand what this deal means for them – this is a real scramble for a lot of businesses to get ready for,” she added.
Labour Leader Sir Keir Starmer expressed doubts over the Brexit deal but assured that he will assent to Boris Johnson’s deal.
DailyMail reports that the Labour leader is facing a rebellion from a number of his Labour MPs who will defy his three-line whip over the new Brexit deal.
He described the deal as a “thin deal”, adding that it will not protect many businesses – financial services, British manufacturing and others.
He, however, said a no-deal scenario would be worse for Britain.
Sir Starmer had said after Boris Johnson announced the deal with the EU that “It is not the deal that the Government promised – far from it”.
The Telegraph had reported that many Labour MPs have sworn not to support the deal.
Among those planning to kick against the deal were Rupa Huq, Kevin Brennan, Neil Coyle, Clive Efford and Geraint Davies, The Telegraph quotes a source.