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But European Council president Donald Tusk complained that the proposals were 'below our expectations'.
And EU commission chief Jean-Claude Juncker waded in to brand the plan 'not sufficient'.
Extending that deadline would require unanimous consent from the 27 continuing member states.
An editorial in the Evening Standard - which Mr Osborne now edits - said: 'Last June, in the days immediately after the referendum, David Cameron wanted to reassure EU citizens they would be allowed to stay.'All his Cabinet agreed with that unilateral offer, except his Home Secretary, Mrs May, who insisted on blocking it.' Jeremy Corbyn said the proposal on EU nationals 'fell far short' of what was needed - although it is unclear what Labour would be putting on the table.'What she has floated falls far short of the full guarantee Labour would make.
Those resident for a shorter period will have the opportunity to stay on until they have reached the five-year threshold.
Anyone arriving after the cut-off date but before the date of Brexit will have a 'grace period' - expected to be two years - within which they can pave the way to seek settled status later.
Theresa May today rejected a claim from former Chancellor George Osborne that she blocked a move to guarantee rights for EU citizens immediately after the referendum.Under the terms agreed between the EU and UK, the official negotiations will take place in four-week 'rounds'.Brexit Secretary David Davis and the commission's Michel Barnier are expected to kick off each round before handing over to officials to hammer out technical details.The cut-off date is yet to be set, but will come between the day when Britain formally notified Brussels of its intention to quit on April 29 2017 and the day when it finally leaves, expected to be March 29 2019.Despite criticism from Mr Tusk and Mr Juncker, Mrs May told a press conference at the end of the summit this afternoon: 'I remain of the view that this is a fair and serious offer.'What we are saying is that the citizens who came to the UK ...