Even as negotiations between Britain and the EU continue over Brexit, much still needs to be settled, or as officials in Brussels put it ”reste à liquider”. On September 22, 2017, the British Prime Minister Theresa May stated in her much-anticipated speech at Florence, Italy, “So during the implementation period, access to one another’s markets should continue on current terms and Britain also should continue to take part in existing security measures. The framework for this strictly time-limited period … would be the existing structure of EU rules and regulations … [for] …around two years.”[1] This is an important development which means that Theresa May has suggested that over the next two years of Brexit transition period, Britain will remain a member of the single market and customs union. Moreover, the rules related to free movement of people, UK’s promised payments to the EU budget, and the jurisdiction of the European Court of Justice will remain the same for the next two years with the only difference that from March 29, 2019, all new arrivals from EU will be registered.[2]
