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May Fleshes Out Brexit Blueprint

UK Prime Minister calls for a multi-year transition deal that would end in 2021.

UK Prime Minister Theresa May proposed for the first time to pay to maintain trading links with the European Union for up to two years beyond Brexit as she laid out her most detailed ever blueprint for a deal.

Speaking in Florence, Italy, May said the U.K. stood willing to cover the cost of EU membership beyond March 2019 in return for a transitional period that mirrored the status quo of tariff-free, regulation-light commerce. The sum could run to about 20 billion euros ($24 billion).

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