Theresa May’s speech in Florence set out more detail on the government’s position on transition. But it did not answer the question of what the UK’s final relationship with the EU should be, and how the UK thinks regulatory divergence between it and the EU should be managed.
May’s transition proposal, though she still prefers the term implementation period, would see the UK continue to obey all EU rules and regulations and accept free movement, albeit with registrations of new arrivals. In effect, Britain would be staying in the EU but as a non-voting member. She suggested that this transition last two years. But she also said it should go on for as long as necessary for the new systems to be put in place.
Ultimately, I suspect that the transition will not end up going on for more than two years.
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