FIRST AIRED: March 19, 2018

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Transcript

00:00:01
>> Britain has landed itself a Brexit transition deal with the EU. An almost two year ease out period where it can keep EU benefits, sign trade deals and give businesses more time to adjust, instead of just crashing out. But that came at a cost.>> We'll set out a plan for an ambitious partnership.
00:00:20
>> After a weekend of late night talks, the UK agreed to a controversial emergency backstop to guarantee there will be no return of a hard border in Ireland. It could se Northern Ireland's stay in the single market and the customs union, even while the rest of the UK breaks its ties with Brussels.
00:00:39
That as Reuters Alastair Macdonald explains continues to be a major stumbling block.>> This issue of the Irish border have been threatening to hold up Theresa May's hopes of getting a transition deal. What the British have now said is that a backstop solution has to be written into the treaty.
00:00:58
Something that will say, what we will do with the Irish border, if we fail to agree an overall agreement between Britain and the European Union over the next couple of years during the transition period, that will avoid a hard border.>> It is a plan for a new,
00:01:16
>> May's prime goal has been to give more certainty to businesses affected by Brexit.>> The soonest possible moment.>> The Pound surged as news of the deal broke. Some business leaders however echoed a warning from EU negotiator Michel Barnier. He called the agreement a decisive step, but warned it wasn't the end of the road.
00:01:36
The deal will only be legally binding if the overall withdraw treaty is ratified by March next year.