Monday

23rd Jan 2017

Ticker

UK treasury to replace EU project funding

British finance minister Philip Hammond has promised to replace EU funding for British projects out of the taxpayers purse after Brexit. “The Treasury will offer a guarantee to bidders whose projects meet UK priorities and value for money criteria, that if they secure multi-year EU funding before we exit, we will guarantee those payments after Britain has left the EU”, he said at a Tory party conference in Birmingham Monday.

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