Michael Keating's blog
Much of the Brexit-related talk has focused on the size of the money pie but, says Michael Keating, determining how it will be cut is just as important.
After Brexit, money currently spent on EU agriculture and structural funds will revert to the UK. These are the largest items in the EU budget so that the sums are important. The question has arisen as to how they will be distributed across the UK. Currently, the devolved governments do rather well in these fields.
Theresa May called the snap election hoping for a strong majority, to give her a free hand to deal with the EU. While promising a ‘UK approach’ to Brexit, the Conservatives rejected different arrangements for the UK’s component nations or anything more than a consultative role for the devolved governments. Following the General Election, this may have to change.