UK's 'Canada-styled' arrangement with EU after December 31

Following months of negotiations and juggled deadlines, the UK and EU have at last agreed on a much-awaited post-Brexit deal to outline their future involvement after the UK officially leaves the bloc on December 31.

The deal will "protect European interests", European Commission President Ursula von der Leyen said, calling it "memorable".

"We can finally forget Brexit behind us. Europe will continue to move forward," she added.

UK Prime Minister Boris Johnson said that they had made "the biggest trade deal yet (...) a comprehensive Canada-style free trade deal between the UK and the EU" with no quotas or tariffs.

"We've taken back control of our laws and our destiny," Johnson added, stating that the jurisdiction of the European Court of Justice would come to an end and that the UK would be an "independent coastal state".

"We will be your friend, your ally, your supporter and, indeed, never let it be forgotten, your number one market," Johnson added. He said he hoped for a vote in Parliament on December 30.

British officials are to be remembered on December 30 to consider the deal and Labour leader Sir Keir Starmer said in a declaration shortly after the deal was announced that his party will vote for the agreement.

The opposition leader said his party faced a "binary selection" of financing the deal or a no-deal, which he scored, Labour had " never been for".