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Conservative peer Lord Saatchi is to propose a bill which he believes can break the Brexit "deadlock" by enabling the UK to stay IN the European Union.

Under his "Remain Plus" proposals, Theresa May would be required to negotiate new membership terms for the UK which he believes would make it acceptable to Leave voters.

Lord Saatchi is tabling the EU Membership Bill, to be put before the House of Lords on Monday.

It would involve changes to free movement rules allowing the UK to control immigration, as well as reform of EU institutions to give Britain equal voting weight with Germany.

(Image: Tim Graham/Getty Images)

Outlining his plan to peers on Monday, Lord Saatchi is expected to say that "nobody" is happy with the result of Brexit negotiations, but simply remaining in the EU on existing terms would be a "national humiliation".

British voters objected to the UK's membership because "we don't like to be bossed around, particularly by the Germans, (and) we don't like uncontrolled immigration", he is expected to say.

His plan would rein in Berlin by restoring the UK - and possibly France - to parity with Germany in voting weight in the European Council, he proposes.

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Treaty changes which linked voting power to population size have given Germany - with 80 million inhabitants to the UK's 64 million - effective control of Europe, he will argue.

Freedom of movement would "remain a principle of the EU, but implemented in a manner which would allow member states to absorb new migrants without damaging legitimate expectations of their own citizens".

(Image: Getty Images)

Lord Saatchi's bill would give the Prime Minister two weeks to present the proposals to the European Commission along with an indication that the UK is ready to withdraw the Article 50 letter notifying Brussels of its intention to leave the EU.

"These are big reforms for the EU leaders," Lord Saatchi is expected to say.