Carwyn Jones has been reacting to the letter he's received from the Prime Minister, saying that the cut in European aid to Wales will be limited to 5% because funds intended for England will be reallocated.
We remain disappointed that the overall EU budget agreement fails to deliver the scale of investment needed to stimulate growth and jobs, particularly for vulnerable regions such as West Wales and the Valleys.
That said, we are pleased that the Prime Minister has listened to our arguments and has sought to deliver a fairer settlement than that originally proposed. We hope that the UK Government will now move quickly to agree these arrangements with the European Commission so that our new programmes can start on time.
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