A period of implementation would be in our mutual interest. And that is why I'm proposing that there should be such a period after the UK leaves the EU. Clearly people, businesses, and public services should only have to plan for one set of changes in the relationship between the UK and the EU.
So during the implementation period access to one another's markets should continue on current terms. And Britain should also continue to take part in existing security measures. As of today, these considerations point to an implementation period of around two years. Still I do not want our partners to fear that they will need to pay more or receive less over the remainder of the current budget plan as a result of our decision to leave.
The UK will honor commitments we have made during the period of our membership.