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BREAKING: Britain to pay £35-39bn in Brexit divorce deal

PM Theresa May has struck a last-minute deal with the EU in a bid to move Brexit talks on to the next phase.

There will be no “hard border” with Ireland; and the rights of EU citizens in the UK and UK citizens in the EU will be protected.

The so-called “divorce bill” will amount to between £35bn and £39bn, Downing Street says.

The European Commission president said it was a “breakthrough” and he was confident EU leaders will approve it.

They are due to meet next Thursday for a European Council summit and need to give their backing to the deal if the next phase of negotiations are to begin.

Talks can then move onto a transition deal to cover a period of up to two years after Brexit, and the “framework for the future relationship” – preliminary discussions about a future trade deal, although the EU says a deal can only be finalised once the UK has left the EU.

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A final withdrawal treaty and transition deal will have to be ratified by the EU nations and the UK Parliament, before the UK leaves in March 2019.

Northern Ireland’s Democratic Unionist Party, whose opposition on Monday led to talks breaking down, said there was still “more work to be done” on the border issue and how it votes on the final deal “will depend on its contents”. Mrs May depends on the party’s support to win key votes in Westminster.

The pound was trading at a six-month high against the euro as news broke of the draft agreement.

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