The European Commission has put forward its proposal for a Brexit Adjustment Reserve

In agreement with the European Council, the European Commission has released its proposal for the Brexit Adjustment Reserve to counter the economic and social consequences of Brexit. The reserve will have an overall budget of €5 billion and will support businesses and employment in Member States and sectors that are worst affected.The Brexit Adjustment Reserve will be rapid and flexible, it will be distributed in two rounds and cover expenditure over a 30 month period.

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