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U.K. overseas territories at risk of losing funding after Brexit

U.K. overseas territories at risk of losing funding after Brexit
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Pro-European Union demonstrators protest outside the Houses of Parliament in central London on September 11, 2017. The 13 British overseas territories, remnants of Britain’s empire, will lose access to the European Development Fund when the U.K. departs the EU  (TOLGA AKMEN / AFP/Getty Images)  

By Robert HuttonBloomberg

Wed., Sept. 13, 2017

U.K. Prime Minister Theresa May’s government has been asked to match the European Union funding that U.K. overseas territories — some of them reeling this week from hurricane damage — stand to lose after Brexit.

The House of Lords EU committee said that money from the European Development Fund accounted for 36 per cent of Anguilla’s capital budget in 2016. The island has just been devastated by Hurricane Irma.

The 13 British overseas territories, remnants of Britain’s empire, will lose access to the fund when the U.K. departs the EU and their status means they don’t qualify for British overseas aid money. The committee has written to Brexit Secretary David Davis, requesting assurances.

Thousands rally in central London to protest Brexit plan

“Some of the islands devastated by Hurricane Irma rely heavily on EU money,” Michael Jay, acting chairman of the committee, said in a statement. “We are asking David Davis whether the government is prepared to continue making contributions to the EU budget after Brexit to ensure EDF funding is not lost.”
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