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We'll cover Brexit shortfall, Labour tells Wales

Credit: Daniel Leal-Olivas/PA Wire

Labour will commit itself to a multi-billion pound pledge to make up any shortfalls in funding for deprived regions and communities resulting from Britain's departure from the European Union.

The promise, to be announced today at the party's annual conference in Liverpool by shadow foreign secretary Emily Thornberry, guarantees that future Labour governments will match EU structural funding currently worth 10.8 billion euros (£9.3 billion) from 2014 to 2020.

Wales would be likely to benefit from the scheme. Currently it is allocated 2.4 billion euros (£2.1bn) under the current seven-year programme.

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Priti Patel: Wales could lose out on funds to new countries joining EU

Eurosceptic UK Government minister Priti Patel says there are no guarantees Wales will get the same level of European Union structural funds after 2020.

She told ITV News that "poorer" countries wanting to join the EU would be competing for the money.

There are no guarantees post-2020 that the structural funds will continue at the level that they have continued at so far.

My point is there are five new countries waiting to join the European Union. As enlargement comes, that means more of our money will go to Europe, and that will effectively mean less of that money coming back here.

– Priti Patel MP
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