British Prime Minister Keir Starmer said the deals will slash red tape, grow the British economy and reset relations with the 27-nation trade bloc since the U.K. left the EU in 2020.

The agreement doesn’t undo Brexit but shows both sides have buried the hatchet after years of painful wrangling.

Prime Minister Sir Keir Starmer has said it's time to move on from "political fights" about Brexit, as the UK and the European Union agreed to a major reset of relations. The UK and the EU have struck a deal that covers fishing, trade, defence, energy and strengthening ties in a number of policy areas still up for negotiation.

UK exports of high-end items to the European Union have lagged behind the broader growth of the country’s luxury sector, a trend that industry lobby Walpole attributes to Brexit.

A summit on Monday between Britain and the European Union, expected to include a defense pact, may kick-start a new era.

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Arch-remainers have been dealt a blow on the eve of Keir Starmer's plan to reset relations with the European Union, as a new report has found Britain's exports to the rest of the world have galloped past those going to the bloc over the last two decades.