Britain and the European Union have agreed to a landmark deal aimed at “resetting” their post-Brexit relationship, easing restrictions on travel and work for hundreds of millions of people on the continent.

The freshly minted deal struck in the early hours of Monday is still being kept under lock and key. It contains details of how Sir Keir Starmer has surrendered access to Britain’s fishing waters for 12 years and agreed to rejoin the EU’s Erasmus student exchange scheme.

The deal does not undo Brexit. But the British government hopes that closer ties with the European Union will help revive its sluggish economy.