Shall we?
The European Union has produced a handy explainer covering all the main topics
ec.europa.eu/commission/sit…
But it starts getting good on page 30
The transition phase will include all current and any new EU laws and obligations, minus voting rights
Both sides will use their best endeavours to complete a new trade agreement before the end of the transition phase, but there is no obligation on the European Union to provide it.
Otherwise, if there is no trade agreement or extension by January 2021 the backstop will come into force.
So what does the famous backstop say in this final version?
1. UK will align with the customs territory of the EU, but have no say in it.
2. EU will consult with the UK should it wish, but will not defer to it
3. Northern Ireland to remain aligned with the EU and within its legal orbit
5. There will be no unilateral escape mechanism for the UK once the backstop provisions have come into force
Ha!
We have no unilateral right to secede from it.
And a new legal border in place, if not in force, between Britain and Northern Ireland.
Well done, everyone