Summary:
British Chancellor Rishi Sunak is set to reveal a new Northern Ireland protocol deal, which will provide further clarity on trade between the UK and Northern Ireland following Brexit. The deal will focus on the implementation of the existing Protocol, which was agreed in December 2019 and came into force on 1 January 2021. It is expected to include measures to reduce bureaucracy for business, ensure that goods can continue to move freely between Britain and Northern Ireland, and ensure that there are no tariffs or quotas on goods moving from Great Britain to Northern Ireland.

Comment:
The new Northern Ireland protocol deal will be a welcome development for businesses in both the UK and Northern Ireland, as it should reduce bureaucracy and provide greater clarity on trade between the two countries following Brexit. This could help ease tensions between the two countries over issues such as tariffs and quotas, allowing them to focus instead on building stronger economic ties. However, it remains unclear how effective this new agreement will be in resolving these issues in practice.