May proposes two-year 'transition phase' for Brexit

May proposes two-year 'transition phase' for Brexit”

Earlier on Friday at a landmark speech in Italy, May said neither her government nor the European Union would be ready to fully put in place arrangements for Brexit on March 29, 2019 - Britain's slated departure date.

It sounds like she has definitely made up her mind on this.


Mrs May said it is in everyone's interests to find a creative solution on a future trading relationship with the European Union.

"The future trade deal with the United Kingdom will be particular, as it will be less about building convergence, and more about controlling future divergence", said Barnier.

She did not specify how much the United Kingdom would be prepared to pay during the transition period, but it has been estimated as being at least 20 billion euros (about 18 billion pounds), the report said.

If Britain does continue with its current access to EU markets beyond Brexit day then this means it'll be forced to continue with the jurisdiction of the European Court of Justice (ECJ) until transitional phase comes to an end.

Brussels is also looking for progress on the future of three million EU citizens now living in Britain, with the two sides deadlocked on the role of the European Court of Justice.

The UK's willingness to surrender billions of pounds to the EU.

He adds that these high-profile speeches and papers are just a way of proving to the "head-banging nationalists" in her party that the government is trying to deliver on promises made about Brexit-even though it's mostly window dressing. "The key difference seems to be that Britain is no longer pushing for a bespoke transition deal, which ultimately kicks Brexit down the road by two more years, but it also is more likely to be acceptable to the European Union and suggests we will see a smoother exit and this ultimately may prove positive for sterling".

Fifteen months after the referendum vote for Brexit, and six months after May triggered the two-year Brexit process, the shape of the withdrawal remains unclear.

David Davis, secretary of state for exiting the European Union, wrote in an opinion piece for CNN that the talks had been "constructive" while showing the need for "more flexibility" if a good deal was to be reached for all sides before Britain leaves in March 2019.

Matthew O'Toole, a former aide to the PM, said: "The speech will probably not be a slam dunk or game changer".

Speaking to Italian lawmakers in Rome on Thursday, EU Brexit negotiator Michel Barnier said Britain can not expect in future to have a trade deal with all the benefits and none of the obligations of being in the EU.

"The real pressure now is on the British government to really tighten up its plans going forward before the next round of negotiations on Monday".

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