The text of the Brexit divorce agreement approved by the EU and the UK while opponents shout at fault

LONDON (Reuters) – Britain has signed a divorce agreement with the EU after more than a year of negotiations, putting Prime Minister Theresa May in a dangerous battle over Brexit that could shape prosperity of his country for generations to come.

While officials choreograph the first withdrawal of a sovereign state from the EU, May's ultimate test will be whether she can get the agreement approved by the British parliament, where extremist Brexiteers accuse her of having delivered to Brussels.

The British cabinet will meet Wednesday at 2:00 pm (GMT) to review the draft withdrawal agreement, said a Downing Street spokesman after the Irish and British media leaked details of this breakthrough.

But May has struggled to unravel nearly 46 years of EU membership without harming trade or upsetting lawmakers who will ultimately decide the fate of the divorce deal.

"The trick will be for Theresa May, can she satisfy everyone?" Said Nigel Dodds, Deputy Leader of the Democratic Unionist Party of Northern Ireland (DUP), who supports his government minority.

"I would have thought it would be very difficult to sell, but wait to see the details," said Dodds.

Sterling, which peaked at $ 1.50 just before the 2016 British referendum, which provided a 52-48% exit margin to leave the EU, leapt forward after announcing the signing of an agreement, before erasing some gains while his opponents were preparing to criticize May.

The Brexit will propel the world's fifth economy against the unknown and many are worried that it will help divide the West as it struggles with Donald Trump's unconventional chairmanship and l? growing affirmation of Russia and China.

Brexit supporters believe that if divorce could lead to instability in the short term, it will also allow the UK to thrive and also allow further integration of the EU without such a powerful and reluctant member.

SALE OF BREXIT

A senior EU official confirmed that a draft text had been accepted. European leaders could meet on November 25 for a summit to seal the Brexit deal if May's cabinet approved the text, diplomatic sources said.

The EU and Britain need an agreement to maintain trade between the world's largest trading bloc and the UK, home to the largest international financial center.

By seeking to leave the EU while maintaining the closest possible ties, May's compromise plan has upset the Brexiteers, the pro-Europeans, the Scottish nationalists, the Northern Ireland party that supports her government and some of her own ministers.

For the agreement to be approved, it needs the vote of about 320 legislators on a 650-seat parliament.

She will have a mountain to climb.

Prominent figures such as conservative lawmaker Jacob Rees-Mogg and former Foreign Secretary Boris Johnson said May had sold the UK and they would oppose it.

"This is a failure of the government's negotiating position, a failure for Brexit and a risk of division of the United Kingdom," said conservative legislator Jacob Rees-Mogg.

The opposition Labor Party, which stated that it would oppose any agreement that does not retain "exactly the same" economic benefits as it currently has with the government. EU said that it was unlikely that the announced agreement would be a perfect fit for Britain.

"It's a vassal state thing," said Johnson, adding that he would vote against such an unacceptable deal. "Chuck it out."

IRELAND

One of the most significant steps taken by a British leader since the Second World War in May, the divorce officially began in Britain in March 2017, paving the way for tortuous negotiations.

The deadlines having been exceeded, the negotiators rushed to reach an agreement during the night at the modernist building of the European Commission at the Berlaymont in Brussels.

Less than five months before the departure of Britain, so-called Northern Ireland support was the main outstanding issue that delayed the transaction.

The backstop is an insurance policy designed to avoid a return to border controls between the British province of Northern Ireland and Ireland, an EU Member State, if a future commercial relationship is not agreed upon. time.

We still did not know what had been agreed at the Irish border. The British government has not provided any immediate details on the text of the Brexit Agreement, which is hundreds of pages long.

According to the Irish broadcaster RTE, support would be in the form of a UK-wide temporary customs regime, with specific provisions for Northern Ireland going further than the rest. on the issue of customs and alignment on the rules of the single market of the United Kingdom.

It will also include an agreed review mechanism, RTE added, adding that he understood that there were still "shuttles" between London and Brussels.

The pro-Brexit DUP has ruled out any deal that treats Northern Ireland differently from the rest of the UK.