British Prime Minister Theresa May today called for a two-year transition after Brexit in which Britain would largely maintain its current ties with Brussels. <br/>'<br/>In a major speech in Florence,Italy May promised to meet Britain's existing EU budget commitments until 2020 and outlined new legal guarantees for the rights of around three million Europeans living in the UK. <br/><br/>May confirmed she wanted a transition period after Brexit of "around two years" in which EU citizens could continue to work in Britain but have to register.For both Britain and the EU, "access to one another's markets should continue on current terms" during this period, she said.<br/>'<br/>May's speech came 15 months after Britain's referendum vote to leave the EU and six months after she triggered the two-year Brexit process, amid increasing demands by Brussels for more clarity.<br/>