Theresa May to unveil "Brexit" support fund

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British PM Theresa May will later today unveil plans for a £1.6 billion fund to aid the growth of communities supporting Brexit.

The “Stronger Towns Fund”, details of which appeared in newspapers last month, is seen by many as part of May’s efforts to win support for her Brexit deal from Labour MPs who represent areas that voted strongly in favour of leaving the European Union.

Labour party’s John McDonnell ha called the project an act of “bribery.”

“This towns fund smacks of desperation from a government reduced to bribing Members of Parliament to vote for their damaging flagship Brexit legislation.”

Britain is due to leave the bloc at the end of the month and May, whose exit deal with Brussels was rejected by a large majority of MPs in January, has promised parliament will get to vote on a revised deal by March 12.

The government said the fund would be targeted at places that had not shared fairly in the country’s prosperity and would be used to create new jobs, help to train people and boost economic activity.

The PM stated, “Communities across the country voted for Brexit as an expression of their desire to see change; that must be a change for the better, with more opportunity and greater control.”

“These towns have a glorious heritage, huge potential and, with the right help, a bright future ahead of them.”

£1billion has already been allocated, with more than half going to towns across the north of England.

A further £600 million will be available for communities around the country to bid for, the government said.



Source: Smart Trend Team