"They voted for change. They voted for a brighter future for our country. They voted to leave the European Union (EU) and embrace the World."
These were the opening words from British Prime Minister Theresa May as she addressed reporters, the country and indeed the world at Lancaster House, London.
Mrs May said that the referendum result was an opportunity to step back and ask ourselves what kind of country the UK wanted to be.
Her view, stood in front of a backdrop labelled ' A Global Britain' was that the UK should be more outward looking than ever before.
What We Now Know - Your Quick Guide
- Britain will leave the Single Market
- We will seek a new Customs Union deal
- There will be control of migration from the EU; ending freedom of movement principles
- We will need a reciprocal deal on British people living within member states of the EU
- Mrs May still intends to trigger Article 50 (formal notification that the UK will leave the EU) by the end of March 2017
- Any attempts by the EU to punish the UK would be an act of 'calamitous self-harm' with the UK prepared to walk away with no deal rather than take a bad deal
- There will be phased implementation in some areas but not a constant 'political purgatory'
- The final deal will be put before both Houses of the UK Parliament; but it will not be a vote on the referendum result just the terms for the future
- We will not be bound by legal decisions made at the European Court of Justice
- The UK will no longer be paying in vast amounts to the EU budget; some monies may be given to remain in smaller schemes
Watch the Full Speech