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May proposes 2-year transition period after Brexit

Staff Writer |
British Prime Minister Theresa May proposed a two-year transition period after Brexit to EU leaders.

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May delivered a keynote speech in Florence, Italy in a week which saw her at loggerheads with some of her cabinet ministers who have made their own statements on the Brexit issue.

Speaking at a news conference, May said the transition period would ensure trading "on current terms," and would be in British and EU interests.

"We want to make an ongoing contribution to cover our fair share of the costs involved," she said, focusing on how the post-Brexit transitional period would be financed.

British and EU negotiators have struggled to make progress over issues such as the so-called “divorce bill” incurred by the U.K. leaving.

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