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NI deal brokered on financial aid NI talks: Broad agreement is brokered on some key issues
(35 minutes later)
A deal has been brokered on some key issues in the cross-party Northern Ireland talks. A broad agreement has been brokered on some key issues in the cross-party Northern Ireland talks.
Irish Foreign Affairs Minister Charlie Flanagan said a political deal to resolve a range of Stormont disputes has been reached. Prime Minister David Cameron said he was delighted a workable agreement had been reached.
First Minister Peter Robinson said he would be recommending the heads of agreement document to his party executive. Irish Foreign Affairs Minister Charlie Flanagan said it "sets out a plan for financial and welfare reform."
This breaking news story is being updated and more details will be published shortly. First Minister Peter Robinson said he would be recommending the document to his party executive.
Please refresh the page for the fullest version. Sinn Féin President Gerry Adams said the party's negotiations team would also be recommending the proposals to its Ard Chomairle [party executive].
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. He said good progress had been made on Tuesday and that it must continue in the New Year.
You can also follow @BBCBreaking on Twitter to get the latest alerts. However, Ulster Unionist Party leader Mike Nesbitt said no party was able to give the agreed proposals 100% endorsement as "they all have their own processes", but he said he would ask his own party to give the agreement "a fair wind".
Alliance leader David Ford said he made it clear to the government that he would accept what was in the paper, but said it did not go far enough to meet the needs of Northern Ireland society.
'Parading proposals'
SDLP leader Alasdair McDonnell said he believed the "deal falls short" and that he was disappointed the document was not as comprehensive as he hoped it would be.
He said the party was disappointed by parading proposals, while the measures on dealing with the legacy of the Troubles fell short of those put forward during last year's talks chaired by former US diplomat Richard Haass and Harvard professor Meghan O'Sullivan.
But the Northern Ireland Secretary of State Theresa Villiers said it had been a good day.
She said a draft agreement for the parties had been put on the table taking on board many hours of discussions and that it was positively received.
She said it was a "genuine step forward" in progress on "some of the critical issues in Northern Ireland".
It is understood the government has now increased its offer of financial assistance to £2bn, a mixture of loans and cash.
The talks on welfare reform, the past, flags and parades have lasted 11 weeks.