Theresa May laid out her view for Brexit in a speech in Florence ReutersTheresa May today laid out plans for a stand-still Brexit transition that would see the UK paying into EU budgets, abiding by European court rulings and accepting new regulations for two years after Brexit. Giving way to EU demands that Britain pays it debts to the bloc Mrs May said for the first time that the government would “honour commitments” made during membership. That language was a key demand of Brussels to potentially unlock the Brexit talks and begin negotiations on a future relationship. In practice it means the UK’s EU contributions will remain unchanged for the two-year transition period. Sandro Gozi, Italy’s EU minister, called May’s speech…

Source: The Times September 22, 2017 15:22 UTC