24th Oct 2016


UK to miss out on EU infrastructure loans

Werner Hoyer, the head of the European Investment Bank (EIB), has told the Financial Times that lending to the UK will stop or fall to a fraction of current €7-billion a year levels after Brexit. “Even if we find a way to continue lending ... the enormous volumes we achieved over the last couple of years cannot be maintained,” he said. The Luxembourg-based EIB gives cheap loans for infrastructure projects.

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