The last-minute trade deal between the U.K. and the European Union means businesses will be spared new tariffs and border disruption at the start of the new year – an economic shock that would have compounded the employment and financial troubles inflicted by the pandemic. News of the agreement Thursday brought sighs of relief from the offices of corporate bosses and politicians, as well as from consumers anticipating produce shortages and transport workers facing the potential of long backups at border crossings. Bank of England Governor Andrew Bailey recently warned that a failure to secure a U.K.-E.U. trade deal would have a greater long-term impact on the British economy than the long-term impact of the coronavirus pandemic, which has led to the country’s deepest recession in more than three centuries. The deal still must win approval from the British and EU parliaments. Here’s a look at […]