
Addressing the International Monetary Fund, UK’s Chancellor of the Exchequer Rachel Reeves admitted the long-term damage done to the UK economy by the 2020 Brexit deal. The chancellor told leading finance ministers and central bankers that, “UK's productivity challenge has been compounded by the way in which the UK left the European Union.”

President Donald Trump announced a new trade deal between the United States and Britain, which he described as the first major such agreement of his second term. The announcement, made from the Oval Office with British Prime Minister Keir Starmer on speakerphone, highlighted the accord's benefits for both nations.

Gibraltar's Chief Minister Fabian Picardo vowed not to give in to Spain's pressure tactics after the reintroduction of passport controls at the La Verja crossing requiring passports to people from the British Overseas Territory.

The UK voted to leave the European Union in 2016 but remained in the bloc's single market and customs union until 2021. When UK withdrew from the EU customs union a new RU/UK Trade Cooperation Agreement (TCA) went into effect.

The future of Gibraltar and Northern Ireland after Brexit concerning Europe will be discussed Thursday at a meeting in Brussels in which the British Foreign Minister, Lord David Cameron, his Spanish colleague, José Manuel Albares, the Chief Minister of Gibraltar, Fabian Picardo, and the Executive Vice President of the European Commission, Maros Sefcovic, will participate.

Paraguayan President Santiago Peña and British Foreign Secretary Davis Cameron met Tuesday in Asunción to discuss bilateral issues and also to explore the South American Market's (Mercosur) potential. Peña currently holds the pro tempore presidency of Mercosur.

BBC has recalled that at 23:00 GMT on 31 January 2020 (midnight Brussels time, as January became February there), the EU shrank, the UK was out. Four years later, as the latest solution to one of the knottiest of consequences of Brexit, or at least the flavor of Brexit chosen, is revealed.

Despite Brexit, the United Kingdom is not planning to change metric laws inherited from the European Union, meaning traders can use Britain's traditional imperial weighing system only alongside the metric one. This follows a public consultation with nearly 99% of respondents saying they were happy with kilos and liters.

French President Emmanuel Macron hosted the leader of UK's opposition Labour Party, Keir Starmer, at Elysee Palace in Paris on Tuesday. The meeting comes as Starmer — increasingly confident that he can oust the ruling Conservatives and bring Labour back into government for the first time in well over a decade — has been making a number of appearances on the world stage.

The United Kingdom on Sunday formally signed a treaty to join a major Indo/Pacific block, in what is described as the biggest trade deal since the country left the European Union, (Brexit) at the beginning of 2020.