Latest news in Yorkshire: October 09, 2018 10:37:38 AM
#wathupondearne
Elected mayors in the North of England want devolved powers to spend a
share of the money which will replace £2.4bn per year of EU funding from
2020.
The mayors said controlling funds to tackle regional inequality from
London amounted to a “Whitehall power grab”.
The Conservative Party pledged last year to replace economic aid which
the EU has paid since 2000 with a new fund.
Full details of the fund will be announced after a spending review and
public consultation next year.
They mayors urged the government to commit to at least matching the
£2.4bn sum to tackle the UK’s pay and employment inequality.
In July, the Ministry of Housing, Communities & Local Government (MHCLG)
set out plans for a UK Shared Prosperity Fund (UKSPF) to replace EU
Structural Funds following Brexit in March 2019.
Read more: bbc.co.uk
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