The latest figures suggest Wales will be hardest hit by the loss of the EU structural fund after Brexit.
Wales’ £373m loss is more than double that of Scotland (£125m) and most of the English territories that previously received EU support.
Labor says numbers showing losses to “mock” claims by the UK government of more than £1 billion are raising the bar for the UK.
Steve Reid, Secretary of Labor’s Shadow Communities, He saidThe paper mocks the Conservatives’ promise to address large-scale regional inequalities.
“The government has not only not delivered on its promise to compensate for the losses in these sectors, but is also allowing the rich sectors to compete against each other due to paucity of funds by prioritizing the poor sectors. “
The analysis shows the most losses in England are the Midlands (£190m), Yorkshire (£143m), Cornwall (£95m), the North West (£88m) and the North East (£80m (GBP).
The EU Structural Fund expired in December 2020 and Wales is no longer receiving £373 million a year in funding.
The UK government has promised to replace the missing amount with a Common Prosperity Fund (SPF), but has not yet given a clear explanation of how this will work.
The Community Renewal Fund is now providing £220 million, but it covers all UK countries, with Wales expected to receive around £10 million.
In a recent interview, First Minister Carvin Jones said that promises to Welsh voters in 2016 that “Wales won’t be a penny worse with Brexit”.
“Unfortunately it turns out that is not the case at all. Wales will be in a worse position with Brexit next year by several million pounds because the UK government is simply not keeping that promise,” he said.
UK Prime Minister Boris Johnson gave a “scaling-up” speech in July acknowledging that the UK was suffering from a “glaring flaw” in its economy.
He said: “It is an astonishing fact that 31 years after German reunification, the GDP per capita in our North East, Yorkshire, East Midlands, Wales and Northern Ireland is now lower than in the former GDR – and I remember going to It was in 1990 in the former GDR, just after the fall of the Berlin Wall.”
His speech has been criticized for not providing a practical solution while highlighting the problem.
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