The UK and the EU have agreed a post-Brexit trade deal, it was been confirmed this week, with the full document of the deal released today. A government statement read: “Everything that the British public was promised during the 2016 referendum and in the general election last year is delivered by this deal.
“We have taken back control of our money, borders, laws, trade and our fishing waters. The deal is fantastic news for families and businesses in every part of the UK.
“We have signed the first free trade agreement based on zero tariffs and zero quotas that has ever been achieved with the EU.
“The deal is the biggest bilateral trade deal signed by either side, covering trade worth £668billion in 2019.
“The deal also guarantees that we are no longer in the lunar pull of the EU, we are not bound by EU rules, there is no role for the European Court of Justice and all of our key red lines about returning sovereignty have been achieved.
READ MORE: State pension claimants need to pay National Insurance – full details
“It means that we will have full political and economic independence on 1st January 2021. A points-based immigration system will put us in full control of who enters the UK and free movement will end.
“We have delivered this great deal for the entire United Kingdom in record time, and under extremely challenging conditions, which protects the integrity of our internal market and Northern Ireland’s place within it.
“We have got Brexit done and we can now take full advantage of the fantastic opportunities available to us as an independent trading nation, striking trade deals with other partners around the world.”
What does the deal mean for the state pensions of Britons who have retired to an EU country?
The agreement provides for the uprating of the UK state pension paid to pensioners who retire to the EU, the Government said.
In a Summary Explainer on the GOV.UK website, they wrote: “Under the Protocol, the UK and EU Member States will be able to take into account relevant contributions paid into each other’s social security systems, or relevant periods of work or residence, by individuals for determining entitlement to a state pension and to a range of benefits.
“This will provide a good level of protection for people working in the UK and EU Member States.
“The Protocol also provides for the uprating of the UK State Pension paid to pensioners who retire to the EU.”
When it comes to healthcare, the British Government also shared details on what to expect.
They said: “The provisions in the Protocol on Social Security Coordination will ensure that individuals who move between the UK and the EU in the future will have their social security position in respect of certain important benefits protected.
“Individuals will be able to have access to a range of social security benefits, including reciprocal healthcare cover and an uprated state pension.
“On healthcare, where the UK or an EU Member State is responsible for the healthcare of an individual, they will be entitled to reciprocal healthcare cover.
“This includes certain categories of cross-border workers and state pensioners who retire to the UK or to the EU.
“In addition, the Protocol will ensure necessary healthcare provisions – akin to those provided by the European Health Insurance Card (EHIC) scheme – continue.
“This means individuals who are temporarily staying in another country, for example a UK national who is in an EU Member State for a holiday, will have their necessary healthcare needs met for the period of their stay.”