European Union (via Public) / Council ready for talks on &#x

European Union (via Public) / Council ready for talks on €5 billion Brexit adjustment reserve


Council ready for talks on €5 billion Brexit adjustment reserve
EU member states today endorsed the Council's position on a five-billion-euro fund designed to mitigate the immediate impact of the United Kingdom's withdrawal from the European Union.
The fund, known as the Brexit adjustment reserve, will focus on the most affected regions, areas and sectors in the EU and will be used to pay for a variety of measures such as compensating businesses for lost trade, keeping people in employment and setting up customs checks at ports.
The reserve aims to support all member states to counter the negative consequences of the UK's withdrawal. In a spirit of solidarity, we are committed to help European regions, companies and citizens, and especially the hardest hit communities, to tackle the unprecedented challenges of Brexit.

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