U.K. Prime Minister David Cameron left Brussels on Friday, February 19, after marathon talks that yielded some concessions from EU leaders over how the U.K. stands In Europe.
The U.K. has long had a fractious relationship with the rest of E.U., claiming it is overly meddlesome. Some so-called euroskeptics claim that Brussels is encroaching on the U.K.'s sovereignty.
Following the announcement of Cameron's deal, the British media have zeroed-in on some key issues of the concessions: restrictions on state benefits for EU citizens and protection for Britain's financial sector.
The UK is now eligible to activate an emergency freeze on benefits for employed migrants, which would require residents to work for four years before they're eligible for full state financial aid like tax credits. Once triggered, those rules would be in place for seven years.
Those who can't find a job within six months will now be required to leave.
Meanwhile, EU citizens claiming child benefits for kids still living abroad would receive payments at a rate relative to the cost of living in their home country. Existing residents would see these restrictions phased in by 2020, but impact new migrants immediately.
Cameron also outlined a "safeguard" for British businesses that would ensure U.K. firms aren't discriminated against for being domiciled in a country that doesn't use the common currency, and said businesses wouldn't be forced to relocate their headquarters in order to trade in euros.