Marc Ashdown

Image source, PA Media

After marathon talks, and a lot of pizza, a future trading relationship has now been agreed. Well, the bones of it anyway.

Whatever your views on Brexit, it's pretty much agreed by all that a tariff and quota free agreement will make UK/EU trade far less fractious going forwards.

So what does this mean for London?

Well firstly for people. The million or so EU nationals living, working, studying in the capital now have a bit more clarity. A new immigration policy is still being finalised and they need to apply for settled status.

And life will change too for Londoners living in one of the 27 EU member states.

And it’ll affect us all when we go on holiday.

Businesses of all sizes have been crying out for certainty so they can plan ahead. There’s frustration this has taken so long, and for businesses of all sizes it’ll mean more friction, customs checks, paperwork to comply with.

But it’s better than having whopping great tariffs slapped on their imports and exports.

And finally for The City - the financial powerhouse of the UK.

So much economic growth depends on The City keeping its edge as the key player on the global stage. Again there’s a lot to be worked through on financial services but the pound surging today tells you all you need to know.

Be under no illusions there’s a lot to go through - 2,000 pages of text to be ratified by both sides.

Political twists no doubt as the devil in the detail emerges. But this is a huge step in the UK forging a new path outside the EU.

Officials on both sides are hammering out the final details ahead of an expected announcement.

Image source, Getty Images

A leading German liberal MP, Alexander Graf Lambsdorff, is upbeat on the type of deal emerging, saying the key thing is to avoid numerous tariffs and quotas.

Some 30,000 German firms trade with the UK, he noted, and “some have really had beads of sweat on their brows”.

He told Deutschlandfunk radio that “it would be a good thing” if the negotiators really had agreed to keep EU-UK trade free of tariffs and quotas.

He also said “it appears European fishing crews have succeeded in retaining at least 75% of their current catch over the next five years, and of course that’s far more than the French, Spanish, Portuguese, Dutch and Belgians could have expected”.

He is foreign affairs spokesman for the Free Democrats (FDP) and a former Euro MP.

The humble tattie has become a part of the Brexit negotiations as the EU puts pressure on the government in London.

Talks between the UK and the EU on a post-Brexit trade agreement continued during the night, but a deal is expected to be unveiled on Thursday.

Negotiators in Brussels are said to be trying to finalise details on fishing quotas, which have proved an obstacle to an agreement during months of talks.

The BBC World Service's UK Political Correspondent Rob Watson explains what we might expect from a deal announcement.

(Photo: UK and EU flags side by side. Credit: Getty Images)

"We have taken back control" Boris Johnson says while EU chief negotiator calls it "a day of relief, but tinged by some sadness".

While this is a "critical step forward", seed potatoes are not included because of EU regulatory fears.

Staff at Spires Foodbank anticipate a surge in demand in the new year after a record-breaking 2020.

Officials continue to thrash out final details, after weeks of argument over fishing and business rules.

UK and EU negotiating teams are still in talks to finalise a post-Brexit trade deal.

Nearly 30 jobs could have been lost if the truck stop shut to become a customs check facility.

Confused by Brexit jargon? Reality Check unpacks the basics.

Many businesses in Northern Ireland remain concerned about how the entire process will work.

The fishing industry has been the most totemic of issues for Brexiteers.

As a trade border between NI and GB looms, BBC News NI looks at the key moments in the process.

MSPs agree new legislation to let Scottish ministers keep Holyrood in alignment with future EU laws.

Boris Johnson says former party treasurer Peter Cruddas has a "long track record" of political service.

NI's chief vet has outlined new guidance for traders ahead of 1 January.

One air charter company says it has received more than 800 enquiries from those looking to move goods.

The food industry says port disruption makes it hard for foreign firms to trust UK exporters post-Brexit.