Wednesday, 2 May 2018

European Union budget Plans for farm subsidy cuts but more on security

The European Commission's first multi-year budget after Brexit would try to plug the gap left by the UK's exit from the European Union with taxes on plastic waste and carbon emissions.

The 2021-2027 budget of €1.279tn (£1.1tn; $1.4tn) proposes a cut to agriculture subsidies but more money on security, immigration and research.

It also introduces a mechanism to link funds to observing the rule of law.

The UK is set to exit the EU in March, leaving a hole of up to €15bn per year.

BBC   News.

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