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Reuters
Reuters
Business
By Padraic Halpin

Factbox-What is the Stormont Brake?

British Prime Minister Rishi Sunak arrives at the Fairmont Hotel in Windsor, Britain. UK Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen, who will meet today, have agreed to continue their work in person towards shared, practical solutions for the range of complex challenges around the Protocol on Ireland and Northern Ireland. February 27, 2023. Dan Kitwood/Pool via REUTERS

The British government will be able to stop the application of new EU laws on goods in Northern Ireland if requested by a third of lawmakers in Northern Ireland's regional assembly, but only "in the most exceptional circumstances", the EU and Britain agreed on Monday.

British Prime Minister Rishi Sunak hopes the so-called 'Stormont brake' can help win support from pro-British politicians in the region and some members of his own Conservative Party for a wider deal to overhaul post-Brexit trade rules for Northern Ireland.

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