Watch live: UK PM Theresa May to ask for Brexit transition period

Theresa May speaks in Florence, Italy

The main contents of the speech have probably already been leaked. May will ask for a two-year transition period which will mean continuing to send money to Brussels and following its rules until 2021. Implementation of the Brexit would be staggered in that time.

During the speech, May will also pledge 20 billion euros to fund Brussels during the transition.

Watch it live:

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