British PM Theresa May proposes two-year transition period after Brexit

Britain voted to leave the European Union in a referendum last year and is expected to leave the bloc in March 2019

Prime Minister Theresa May on Friday outlined plans for a transition period of around two years after Brexit during which Britain would continue paying into the EU budget and accessing EU markets.

Delivering a speech in Florence, May said there would also be a continuation of European Union free movement rules during this "implementation period", although EU citizens would be required to register.

Preparations necessary for Britain to adjust to a new relationship with the EU after Brexit "point to an implementation period of around two years," she said.

On payments, the British leader added: "I do not want our