Theresa May told the European Union today that only compromise could make a soft Brexit possible as she laid out her vision for an “enduring” relationship between Britain and the continent.

In a much anticipated speech, the prime minister said that Britain was prepared to offer money, “substantially similar” regulations and access to UK labour markets as part of a “unique and unprecedented partnership” deal.

Her proposals were broadly welcomed by both the Brexiteer and pro-Remain wings of the Conservative party but received a frostier reception from Europe.