Instant View: UK's May calls for two-year transition after BrexitLONDON (Reuters) - Prime Minister Theresa May called on Friday for a roughly two-year transition for Britain after it leaves the European Union while also offering some concessions on a divorce deal. Below are reactions to May s speech in Florence, which she hopes will inject new momentum into the Brexit negotiations.  The speech shows a willingness to move forward, as time is of the essence. Prime Minister May s statements are a step forward but they must now be translated into a precise negotiating position of the UK government.  Barnier also noted May did not address the issue of the future of Northern Ireland s relations with Ireland.  Fifteen months after the EU referendum the government is still no clearer about what our long term relationship with the EU will look like. The only advance seems to be that the prime minister has listened to Labour and faced up to the reality that Britain needs a transition on the same basic terms to provide stability for businesses and workers.  MANFRED WEBER, HEAD OF CENTRE-RIGHT GROUP IN EU PARLIAMENT  In substance Prime Minister May is bringing no more clarity to London s positions. I am even more concerned now.   Theresa May s Brexit vision is that we leave the EU in name only. All areas of integration we have currently will be rebadged.   While the UK has taken a limited step toward a more pragmatic stance on the initial legal exit from the EU that emerged over the summer, its position appears to remain deeply conflicted.  As many had anticipated, the speech falls short of addressing the legacy financial issues which the EU has highlighted as key to moving on to a second stage of the talks.  Our best guess is that the degree of antagonism between the two sides will rise in the near term.  MILES CELIC, CEO, THECITYUK, FINANCIAL SERVICES LOBBY GROUP  In calling for a time-limited transitional period under the existing rules and structures, she has echoed our industry s priorities and the calls of businesses on both sides of the Channel.  Similarly, since the start of the Brexit negotiations, we have been clear on the benefits of mutual regulatory recognition. It s very positive to see that the British government supports this principle   one which is in the best interests of all parties.   For the first time, today s intervention by the prime minister provides a potential route forward out of the current uncertainty caused by the stalled negotiations.   The intention to negotiate an implementation phase based on our current arrangements with the EU-27 is a welcome step in helping businesses manage the ongoing uncertainty.       While further clarity around the government s wider position is welcome, the commitment to a two-year transition makes it even more important that rapid progress is made in the negotiations.  CATHERINE MCGUINNESS, POLICY CHAIRMAN, CITY OF LONDON CORPORATION  Firms in the financial and professional services sector plan two to or more years in advance. With only 18 months left until the UK leave the bloc, urgent agreement on a transitional arrangement is crucial.  Otherwise, firms may well be forced to implement contingency plans unnecessarily.  TIM GRAF, EMEA HEAD OF MACRO STRATEGY, STATE STREET GLOBAL MARKETS  For the near-term, negotiations may likely be hampered by the lack of detail offered on the main items for discussion, namely the Irish border question, the ultimate financial settlement with the EU and the rights of EU citizens.  STEPHEN MARTIN, DIRECTOR GENERAL OF THE INSTITUTE OF DIRECTORS  There was welcome honesty in today s speech that not following one of the existing models will have some implications for market access for UK firms.  A lot more honesty will be needed as the Brexit negotiations continue, as any decision on immigration or regulation, for example, will have knock-on effects and businesses and the public are entitled to know what the trade-offs are.  ADAM MARSHALL, DIRECTOR GENERAL, BRITISH CHAMBERS OF COMMERCE  The absolute priorities for business are to get trade talks moving, and to ensure a comprehensive transition period is in place that gives the certainty that companies need to take immediate investment and hiring decisions. It is our hope that the prime minister s offer will jump-start the process.  HELEN DICKINSON, CHIEF EXECUTIVE, BRITISH RETAIL CONSORTIUM  The prime minister is right to offer a real guarantee to both EU workers and UK nationals in the EU-27 between 2019-2021, subject to a registration requirement.  However, they still need practical details about the process for registration and securing their status, so the UK government should negotiate with the EU Commission so that preferential reciprocal labor market access across industries like retail can be put in place for the post-implementation period.   We are astonished to hear Theresa May claim she will guarantee the current rights of EU citizens living in the UK. Current government proposals remove a number of rights from EU citizens, including the right to be joined in the UK by a spouse, child or elderly parent.    worldnews
instant view uk may calls transition brexitlondon reuters prime minister theresa may called friday roughly transition britain leaves european union also offering concessions divorce deal below reactions may speech florence hopes inject new momentum brexit negotiations the speech shows willingness move forward time essence prime minister may statements step forward must translated precise negotiating position uk government barrier also noted may address issue future northern ireland relations ireland fifteen months eu referendum government still clearer long term relationship eu look like the advance seems prime minister listened labour faced reality britain needs transition basic terms provide stability businesses workers managed weber head of group in eu parliament in substance prime minister may bringing clarity london positions i even concerned theresa may brexit vision leave eu name all areas integration currently badged while uk taken limited step toward pragmatic stance initial legal exit eu emerged summer position appears remain deeply conflicted as many anticipated speech falls short addressing legacy financial issues eu highlighted key moving second stage talks our best guess degree antagonism two sides rise near term miles celtic ceo thecityuk financial services lobby group in calling transitional period existing rules structures echoed industry priorities calls businesses sides channel similarly since start brexit negotiations clear benefits mutual regulatory recognition it positive see british government supports principle one best interests parties for first time today intervention prime minister provides potential route forward current uncertainty caused stalled negotiations the intention negotiate implementation phase based current arrangements welcome step helping businesses manage ongoing uncertainty while clarity around government wider position welcome commitment transition makes even important rapid progress made negotiations catherine guinness policy chairman city of london corporation firms financial professional services sector plan two years advance with months left uk leave bloc urgent agreement transitional arrangement crucial otherwise firms may well forced implement contingency plans unnecessarily tim graf mea head of macro strategy state street global markets for negotiations may likely hampered lack detail offered main items discussion namely irish border question ultimate financial settlement eu rights eu citizens stephen martin director general of the institute of directors there welcome honesty today speech following one existing models implications market access uk firms a lot honesty needed brexit negotiations continue decision immigration regulation example effects businesses public entitled know adam marshall director general british chambers of commerce the absolute priorities business get trade talks moving ensure comprehensive transition period place gives certainty companies need take immediate investment hiring decisions it hope prime minister offer process helen wilkinson chief executive british retail consortium the prime minister right offer real guarantee eu workers uk nationals subject registration requirement however still need practical details process registration securing status uk government negotiate eu commission preferential reciprocal labor market access across industries like retail put place period we astonished hear theresa may claim guarantee current rights eu citizens living uk current government proposals remove number rights eu citizens including right joined uk spouse child elderly parent worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Instant View: UK's May calls for two-year transition after BrexitLONDON (Reuters) - Prime Minister Theresa May called on Friday for a roughly two-year transition for Britain after it leaves the European Union while also offering some concessions on a divorce deal. Below are reactions to May s speech in Florence, which she hopes will inject new momentum into the Brexit negotiations.  The speech shows a willingness to move forward, as time is of the essence. Prime Minister May s statements are a step forward but they must now be translated into a precise negotiating position of the UK government.  Barnier also noted May did not address the issue of the future of Northern Ireland s relations with Ireland.  Fifteen months after the EU referendum the government is still no clearer about what our long term relationship with the EU will look like. The only advance seems to be that the prime minister has listened to Labour and faced up to the reality that Britain needs a transition on the same basic terms to provide stability for businesses and workers.  MANFRED WEBER, HEAD OF CENTRE-RIGHT GROUP IN EU PARLIAMENT  In substance Prime Minister May is bringing no more clarity to London s positions. I am even more concerned now.   Theresa May s Brexit vision is that we leave the EU in name only. All areas of integration we have currently will be rebadged.   While the UK has taken a limited step toward a more pragmatic stance on the initial legal exit from the EU that emerged over the summer, its position appears to remain deeply conflicted.  As many had anticipated, the speech falls short of addressing the legacy financial issues which the EU has highlighted as key to moving on to a second stage of the talks.  Our best guess is that the degree of antagonism between the two sides will rise in the near term.  MILES CELIC, CEO, THECITYUK, FINANCIAL SERVICES LOBBY GROUP  In calling for a time-limited transitional period under the existing rules and structures, she has echoed our industry s priorities and the calls of businesses on both sides of the Channel.  Similarly, since the start of the Brexit negotiations, we have been clear on the benefits of mutual regulatory recognition. It s very positive to see that the British government supports this principle   one which is in the best interests of all parties.   For the first time, today s intervention by the prime minister provides a potential route forward out of the current uncertainty caused by the stalled negotiations.   The intention to negotiate an implementation phase based on our current arrangements with the EU-27 is a welcome step in helping businesses manage the ongoing uncertainty.       While further clarity around the government s wider position is welcome, the commitment to a two-year transition makes it even more important that rapid progress is made in the negotiations.  CATHERINE MCGUINNESS, POLICY CHAIRMAN, CITY OF LONDON CORPORATION  Firms in the financial and professional services sector plan two to or more years in advance. With only 18 months left until the UK leave the bloc, urgent agreement on a transitional arrangement is crucial.  Otherwise, firms may well be forced to implement contingency plans unnecessarily.  TIM GRAF, EMEA HEAD OF MACRO STRATEGY, STATE STREET GLOBAL MARKETS  For the near-term, negotiations may likely be hampered by the lack of detail offered on the main items for discussion, namely the Irish border question, the ultimate financial settlement with the EU and the rights of EU citizens.  STEPHEN MARTIN, DIRECTOR GENERAL OF THE INSTITUTE OF DIRECTORS  There was welcome honesty in today s speech that not following one of the existing models will have some implications for market access for UK firms.  A lot more honesty will be needed as the Brexit negotiations continue, as any decision on immigration or regulation, for example, will have knock-on effects and businesses and the public are entitled to know what the trade-offs are.  ADAM MARSHALL, DIRECTOR GENERAL, BRITISH CHAMBERS OF COMMERCE  The absolute priorities for business are to get trade talks moving, and to ensure a comprehensive transition period is in place that gives the certainty that companies need to take immediate investment and hiring decisions. It is our hope that the prime minister s offer will jump-start the process.  HELEN DICKINSON, CHIEF EXECUTIVE, BRITISH RETAIL CONSORTIUM  The prime minister is right to offer a real guarantee to both EU workers and UK nationals in the EU-27 between 2019-2021, subject to a registration requirement.  However, they still need practical details about the process for registration and securing their status, so the UK government should negotiate with the EU Commission so that preferential reciprocal labor market access across industries like retail can be put in place for the post-implementation period.   We are astonished to hear Theresa May claim she will guarantee the current rights of EU citizens living in the UK. Current government proposals remove a number of rights from EU citizens, including the right to be joined in the UK by a spouse, child or elderly parent.    worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: instant view uk may calls transition brexitlondon reuters prime minister theresa may called friday roughly transition britain leaves european union also offering concessions divorce deal below reactions may speech florence hopes inject new momentum brexit negotiations the speech shows willingness move forward time essence prime minister may statements step forward must translated precise negotiating position uk government barrier also noted may address issue future northern ireland relations ireland fifteen months eu referendum government still clearer long term relationship eu look like the advance seems prime minister listened labour faced reality britain needs transition basic terms provide stability businesses workers managed weber head of group in eu parliament in substance prime minister may bringing clarity london positions i even concerned theresa may brexit vision leave eu name all areas integration currently badged while uk taken limited step toward pragmatic stance initial legal exit eu emerged summer position appears remain deeply conflicted as many anticipated speech falls short addressing legacy financial issues eu highlighted key moving second stage talks our best guess degree antagonism two sides rise near term miles celtic ceo thecityuk financial services lobby group in calling transitional period existing rules structures echoed industry priorities calls businesses sides channel similarly since start brexit negotiations clear benefits mutual regulatory recognition it positive see british government supports principle one best interests parties for first time today intervention prime minister provides potential route forward current uncertainty caused stalled negotiations the intention negotiate implementation phase based current arrangements welcome step helping businesses manage ongoing uncertainty while clarity around government wider position welcome commitment transition makes even important rapid progress made negotiations catherine guinness policy chairman city of london corporation firms financial professional services sector plan two years advance with months left uk leave bloc urgent agreement transitional arrangement crucial otherwise firms may well forced implement contingency plans unnecessarily tim graf mea head of macro strategy state street global markets for negotiations may likely hampered lack detail offered main items discussion namely irish border question ultimate financial settlement eu rights eu citizens stephen martin director general of the institute of directors there welcome honesty today speech following one existing models implications market access uk firms a lot honesty needed brexit negotiations continue decision immigration regulation example effects businesses public entitled know adam marshall director general british chambers of commerce the absolute priorities business get trade talks moving ensure comprehensive transition period place gives certainty companies need take immediate investment hiring decisions it hope prime minister offer process helen wilkinson chief executive british retail consortium the prime minister right offer real guarantee eu workers uk nationals subject registration requirement however still need practical details process registration securing status uk government negotiate eu commission preferential reciprocal labor market access across industries like retail put place period we astonished hear theresa may claim guarantee current rights eu citizens living uk current government proposals remove number rights eu citizens including right joined uk spouse child elderly parent worldnews