The report pretty much confirms that this is a “heads of terms” agreement. In other words, it is a preliminary agreement and a “substantive” step towards a full deal. As for the details, it is all still rather lacking at the moment. Sky’s deputy political editor, Sam Coates, added that this is also a positive step ahead of the UK-EU summit on 19 May:

“I think it is politically helpful for Keir Starmer to have got the heads of terms, the kind of main points of a US-UK trade deal, nailed down before we see what we have negotiated with the EU – or, more importantly, Donald Trump sees what we have negotiated with the EU.”

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