UK and US have agreed on terms for trade deal – report

The report just about confirms that it is a “heads of phrases” settlement. In different phrases, it’s a preliminary settlement and a “substantive” step in direction of a full deal. As for the small print, it’s all nonetheless fairly missing in the mean time. Sky’s deputy political editor, Sam Coates, added that that is additionally a constructive step forward of the UK-EU summit on 19 Might:

“I believe it’s politically useful for Keir Starmer to have gotten the heads of phrases, the type of details of a US-UK commerce deal, nailed down earlier than we see what we have now negotiated with the EU – or, extra importantly, Donald Trump sees what we have now negotiated with the EU.”