The UK government and the European Commission announced a deal in principle on the legal terms of the future UK-EU relationship on 24 December 2020. A draft of the Trade and Cooperation Agreement was then published, along with a number of associated declarations and agreements, including an Agreement on Nuclear Cooperation and an Agreement on Security Procedures for Exchanging and Protecting Classified Information. Though agreed in principle at the highest level, the deal requires ratification in the UK and European Parliaments before becoming fully operational. Following approval in the UK Parliament, the deal is to be applied provisionally pending ratification in the European Parliament in the new year. This bulletin outlines the key announcements, documents and next steps.
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