British Prime Minister Sir Keir Starmer has reached an agreement with the European Union ahead of a key summit with the bloc, according to the PA news agency.
While UK government sources said on Sunday that talks had “reached a deadlock”, there has been a significant breakthrough.
As far as we know, the deal has already received approval from the EU Committee of Ambassadors.
The UK has reportedly agreed to give EU vessels access to fish in its waters for 12 years.
There is expected to be no change to current access to fish for coastal communities, and no reduction in the UK quota or increase in the quota allowed to be caught by the EU.
Further details of the deal are expected to be revealed at the first UK-EU summit on Monday, where Sir Keir will meet European Commission President Ursula von der Leyen.
Other areas discussed included defence and security, with talks reported on a potential deal that would give UK companies access to the EU's €150 billion defence fund.
Also expected to be on the agenda were deals to allow British travellers to use e-gates at European airports, remove administrative barriers to food exports and create a youth mobility programme with the EU.
Business Minister Jonathan Reynolds rated the deal an “eight out of ten”.
“I'm not one to exaggerate these things, but look, this is a good deal for the borders, the bills, the security of the UK and jobs,” he told GB News.
Conservative leader Kemi Badenoch criticised the fisheries deal, saying: “12 years of access to UK waters is three times longer than the government would like.”
“We are once again becoming supporters of the rules from Brussels.”
Ms Badenoch and Reform UK leader Nigel Farage had already described the deal as a “capitulation” before details emerged.
Sourse: breakingnews.ie
