Brexit: no deal more likely outcome in trade talks with UK, Barnier tells EU ministers – live

The rule of law underpins our country and our democracy. It ensures that individuals, companies and government remain accountable to each other, and that fundamental rights are protected and enforced.

This an era of unprecedented challenge for our nation as we prepare to end the Brexit transition. It is a time for building new relationships – not for letting the impression go forth that we are not as good as our word.

Proposing to breach an agreement just entered into, breaking international law, even if in a ‘specific and limited way’, was shocking so we welcome this eleventh hour change of heart.

Had this step not been taken, the reputation of the jurisdiction would have suffered greatly. Going on from this, I hope we will still be respected as a country which prides itself on upholding the rule of law.