On Thursday, a trade agreement was signed between Britain and the European Union regulating their trade relations after Brexit. This was announced by Prime Minister Boris Johnson in on your Twitter account. Signed document awaiting ratification parliament. This move allowed the UK to reduce future losses - while it separation without agreement, according to British authorities, after 15 years the country's economy would shrink by 7.6%, and if there were the forecasted figure is 4.9%. According to the head European Commission Ursula von der Leyen, hard exit would hit stronger across the UK than across the EU. She emphasized that both the parties remain partners and will jointly achieve common goals. The agreement allows the parties to trade next year without tariffs and quotas. However, it does not apply to the service sector, forming the bulk of British GDP (80%), as well as financial sector.