THE final Brexit deal reached between the UK and EU will be put to a vote of both Houses of Parliament, Theresa May has announced.

Giving a major speech on the Government's Brexit negotiating policy, Mrs May said that her plans for Brexit cannot allow the UK to remain in the European single market.

The pound soared as the Prime Minister outlined her vision for how Britain should divorce from the European Union.

Sterling rose almost 2% against the US dollar, reaching 1.227.

The pound rose as high as 1.145 versus the euro.

Speaking at Lancaster House, Mrs May said: "This Government has a plan for Britain - one that gets us the right deal abroad but also ensures we get a better deal for ordinary working people at home."

Mrs May added that Britain will not hold on to membership of the European single market, but would aim to achieve the "greatest possible access to it" through a "bold new free trade agreement".

She said that she wanted to remain part of a customs agreement with the remaining 27 EU states, but said she had an "open mind" over whether this would be through associate membership of the Customs Union or through some other arrangement.

Mrs May said the UK would regain control of its borders.

"We will get control of the number of people coming to Britain from the EU. Because, while controlled immigration can bring great benefits, filling skill shortages, delivering public services, making British businesses the world beaters they often are, when the numbers get too high, public support in the system falters."

The PM said Britain would no longer be under the jurisdiction of the European Court of Justice after Brexit. And Mrs May stated she would work to maintain the common travel area with the Republic of Ireland.