May urges post-Brexit market transition
Brussels frustrated by lack of progress on separation
British Prime Minister Theresa May called on Friday for Britain to stay in the EU’s single market during a roughly twoyear transition out of the EU while offering concessions on a divorce deal as she appealed for a revival of Brexit negotiations.
In a speech in a 14thcentury church in Italy’s Florence, May spent much of the speech drawing on the similar values of Britain and the rest of the EU.
She said if the complicated talks to unravel more than 40 years of union should fail, the only beneficiaries would be those who oppose democracy, liberalism and free trade.
But her concessions on her vision for a two-year transition period on Britain’s current membership terms, final financial settlement and legal protection of EU citizens rights when the UK leaves in March 2019 may still fall short of what the EU said was needed to move the talks forward.
“For while the UK’s departure from the EU is inevitably a difficult process, it is in all of our interests for our negotia- tions to succeed,” she told an audience of Italian business leaders and diplomats.
“If we were to fail, or be divided, the only beneficiaries would be those who reject our values and oppose our interests.”
In Florence, May drew on the history of an Italian city made wealthy by trade and banking during the Renaissance to underline her desire for Britain to become a major European trading power after leaving the bloc.
Her words were aimed at unlocking the first phase of negotiations with the EU, all but stalled over one of the most symbolically important questions: How much will it cost Britain, in hard cash, to end its EU membership in March 2019?
Since triggering the divorce process, May has repeatedly said that Britain would honor its obligations but has also been under pressure from pro-Brexit supporters in her Conservative Party to reduce the bill or even bring it down to zero.
May’s speech comes at the start of a crucial week for Europe.