On 24 December 2020, the UK and the EU agreed the Trade and Co-operation Agreement (TCA). 

The full agreement runs to more than 1200 pages and the full implications will take many months to play out. 

You can read our full analysis of the TCA on Freshfields Brexit Zone (log in required): https://portals.freshfields.com/fbd/brexit/eu-uk-trade-and-cooperation-agreement-overview