UK and EU 'Agree Text' of Draft Withdrawal Agreement

UK and EU officials have agreed the draft text of a Brexit agreement after months of negotiations, reported BBC. 

A cabinet source told the BBC that the document has been agreed at a technical level by officials from both sides after intensive discussions this week.

A special cabinet meeting will be held at 14:00 GMT on Wednesday as Theresa May seeks ministers' backing.

The PM has been meeting ministers in Downing Street for one-to-one talks on the draft agreement.

BBC political editor Laura Kuenssberg said the agreement contained a UK-wide customs "backstop" aimed at preventing new border checks in Northern Ireland.

There is no additional Northern Ireland-only backstop - but sources wouldn't be drawn on any specific arrangements for Northern Ireland on rules and regulation within the UK-wide one, she added.

This "backstop" has proved to the most contentious part of the withdrawal negotiations, with concerns raised by Brexiteer Tories and the DUP over how it will work.

The pound surged against the dollar and the euro following the negotiations breakthrough - but analysts warned it could be short-lived, with the cabinet and Parliament yet to agree to the plans.

The EU said it would "take stock" on Wednesday, while the Irish government said negotiations were "ongoing and have not concluded".

Leading Brexiteers, such as Boris Johnson and Jacob Rees-Mogg, immediately criticised what has been reported to be in the draft agreement, saying it would keep the UK under EU control.

Northern Ireland's Democratic Unionist Party, which gives Theresa May vital support in key votes, said it would be a "very, very hard sell".

But Conservative Chief Whip Julian Smith said he was "confident" it would pass when put to...