UK Prime Minister Theresa May proposed for the first time to payto maintain trading links with the European Union for up to twoyears beyond Brexit as she laid out her most detailed everblueprint for a deal.

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

“I do not want our partners to fear that they will need to paymore or receive less over the remainder of the current budget planas a result of our decision to leave,” May said in the great hallof a former monastery in the Tuscan capital. “The U.K. will honorcommitments we have made during the period of our membership.”

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