UK not prepared to pay for EU single market access during transition - government source

FLORENCE, Italy (Reuters) - Britain is not prepared to pay for access to the European Union's single market during a post-Brexit transition period, a UK government source said on Friday. During a speech in Florence Prime Minister Theresa May called for Britain to stay in the single market under its current terms during a roughly two-year transition period. Following the speech, a government source said Britain was categorically not prepared to pay for single market access, and that a commitment to honour Britain's obligations referred only to specific programmes during the transition period. (Reporting by William James, Writing by Kylie MacLellan; editing by Guy Faulconbridge)