Theresa May is to outline how the UK will still seek trade arrangements with other countries across the globe despite being potentially bound by EU rules for roughly two years after Brexit.
The Prime Minister is to explain the UK will be leaving the single market and customs union in March 2019, but wants to keep access to all markets during an implementation period when she addresses MPs today.
May is expected to say the Government aims to sign agreements which will come into force after this period ends.
The Prime Minister’s statement comes in the wake of EU leaders agreeing to move the Brexit negotiations forward onto the crucial trade stage.
May’s statement will make clear there is a “shared desire” from both sides of the talks to create this implementation period before any final deal can come into effect.
However, the second phase of the negotiations could be tough for the Prime Minister – the EU appears firm on the expectation for the UK to observe all of the rules and accept jurisdiction from the European Court of Justice in this time.