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as agreed by the European Council in July

Brexit: the Commission proposes the creation of a Brexit Adjustment Reserve

2 mins read

The FINANCIAL -- The European Commission has put forward today its proposal for a Brexit Adjustment Reserve, as agreed by the European Council in July, to help counter the adverse economic and social consequences – at the end of the transition period on 31 December 2020 - in the Member States and sectors that are worst affected. According to the European Commission, it will have an overall budget of €5 billion. The Reserve will support businesses and employment in affected sectors. It will assist regions and local communities, including those dependent on fishing activities in UK waters. It can also assist…

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Brexit: the Commission proposes the creation of a Brexit Adjustment Reserve

2 mins read

The FINANCIAL -- The European Commission has put forward today its proposal for a Brexit Adjustment Reserve, as agreed by the European Council in July, to help counter the adverse economic and social consequences – at the end of the transition period on 31 December 2020 - in the Member States and sectors that are worst…