Brexit: draft divorce agreement proves divisive but does provide clarity for business

On 14 November a draft agreement spanning some 585 pages for the UK’s exit from the EU was unveiled in London and Brussels. The UK employers’ body, the CBI, welcomed the agreement. PM Theresa May had an uphill struggle in finally securing cabinet approval for the draft text, however the agreement’s passage through parliament is unlikely to be simple and political fallout is already underway. 
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Carolyn Fairbairn, CBI Director-General, stated, “After 20 months of debate, this agreement by Cabinet is progress. If passed, it moves the UK one step away from the nightmare precipice of no deal and the harm it would cause to communities across the country,” as she welcomed the achievement of a first document that will seal the UK’s exit from the EU. Parliament has to approve the draft text by the end of December and this promises to be no mean feat, given the amount of opposition the PM is f

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