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UK vows to match EU funds, farm subsidies after Brexit

The fund matching commitment is intended to address uncertainty over the impact of the June 23 vote for BrexitThe British government pledged Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the June 23 vote to quit the bloc, could cost £4.5 billion ($5.8 billion, 5.2 billion euros) a year, finance minister Philip Hammond said. “The UK will continue to have all of the rights, obligations and benefits that membership brings, including receiving European funding, up until the point we leave the EU,” Hammond said in a statement.

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