Theresa May is reportedly to offer €20 billion (£17.5m) to the European Union in an offer to break the deadlock over Brexit.
The Prime Minister is to give a key address in Florence today to address the current deadlock in the withdrawal negotiations.
The reported financial settlement is a move by the Government to settle concerns in Brussels over the UK’s outstanding liabilities.
May will also outline her plans for a transitional period from the date of Brexit in March 2019 and is also reportedly ready to give ground on the issue of EU nationals' rights in the UK.
The Prime Minister will urge European leaders to come to an agreement, telling them they have a “profound sense of responsibility” to formalise terms.
She is to reference how difficult the negotiations are, but that it is in “all of our interests” for the deal to be agreed.