Europe’s farmers likely to lose out after Brexit

Global Brexit SM Farm

The UK’s exit from the European Union has left the remaining states facing a €12 billion hole in budgets – with Europe’s farmers likely to lose out as a result.

While Britain has agreed to continue making contributions until the end of this year, its absence as the second-biggest net contributor to the EU’s coffers from 2021 will be sorely felt, according to a report on the France 24 website.

The European Commission has been trying to get approval for a new long-term budget, called the Multiannual Financial Framework (MFF), since May 2018.

However, the debate over the shape of the EU’s future finances 2021-2027 continues to rage, with Austria, Denmark, Germany, the Netherlands and Sweden – referred to as the “Frugal Five” – wishing to limit EU expenditure.

They are in direct opposition to a group of eastern and Mediterranean countries – the “Friends of Cohesion” – that want to retain the present budget rules.

A summit to address the MFF is due to be held later this month, on February 20, but is unlikely to reach a speedy agreement.

The figure of €12 billion is arrived at by calculating the UK’s contribution to the EU minus the amount of European money spent on British projects.

Over the course of the Commission’s seven-year budget that would come to a shortfall of €84 billion.

Previous EU finance commissioner Gunther Oettinger wanted to make up the lost of the UK’s contribution by cutting cohesion and farm subsidies.


Please enter your comment!
Please enter your name here