British Prime Minister Theresa May has proposed a two-year transitional deal with the EU as the UK finalizes Brexit. May made the announcement at a key speech in Italy. Rough Cut (no reporter narration)
(ROUGH CUT - NO REPORTER NARRATION) British Prime Minister Theresa May proposed a two-year transitional Brexit deal during a keynote speech in Florence, Italy on Friday (September 22). Making the speech in the town considered the birthplace of the renaissance May hopes to convince the European Union she is ready to cut a fair divorce deal. May sought to allay fears in European capitals over payments to Brussels purse strings, saying "the UK will honor commitments we have made during the period of our membership".