Policy

Brexit blues and a major shake-up of CAP financing

Britain’s exit from the EU will be a long and tortuous process – and is certain to shake up CAP financing and policy.

Without the UK’s budget contribution, the EU will need to redraft its €140bn annual budget, either as a smaller pot, or with bigger contributions from some or all of the remaining member states.

The exit of the UK might mean one voice less calling for the “abolition” of the budget’s biggest single cost centre – the CAP.

But the extent of the expenditure on the CAP was already under question, before Brexit became a concern.

Source: Irish Independent

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