Brexit Could Cost Britain $42 Billion of Direct Funding From EU
- Commons paper highlights EU support for U.K. regions, farming
- Government has pledged funds for agriculture and universities
Lloyds Business in Britain Report: Brexit Uncertainty
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Britain risks losing 40 billion euros ($42 billion) of direct funding from the European Union once it leaves the bloc, according to U.K. parliamentary analysis.
The European Structural and Investment Funds, which help develop the most deprived regions, and the European Agricultural Guarantee Fund that supports the Common Agricultural Policy are set to provide the U.K. with 17.2 billion euros and 22.5 billion euros respectively between 2014 and 2020, a report published by the House of Commons Library shows.