When the UK withdrawal transition period ended on 31 December, it marked the end of the free movement of people, goods, services and capital between the EU, the UK and Northern Ireland, affecting people, businesses and authorities on both sides. Socially and economically difficult.
To help Europeans adapt to the changes, EU leaders agreed in July 2020 to create… Brexit adjustment reserveIt is a fund worth 5 billion euros that will be paid until 2025. European Union countries will begin receiving support from December 2021 from the reserve after Parliament’s approval. Members will vote on the reserve at their plenary meeting in September.
How much money will Sweden and different countries get?
The fund will help all EU countries, but the plan is that the countries and sectors most affected by Brexit will receive the most support. Ireland leads, followed by the Netherlands, France, Germany and Belgium.
Three factors are taken into account to determine the amount for each country: the importance of trade with the UK, the value of fish caught in the UK's exclusive economic zone, and the size of the population living in the marine areas closest to the UK.
“Extreme tv maven. Beer fanatic. Friendly bacon fan. Communicator. Wannabe travel expert.”
More Stories
Boeing opens a new factory in Great Britain
The British economy shrinks for the first time in seven years – and the pound weakens foreign
Starmer promises nationalization of trains and new housing