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7 months ago
Britain will cover EU funding if value for money: UK PM May
December 19, 2016 / 4:24 PM / 7 months ago

Britain will cover EU funding if value for money: UK PM May

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Britain's Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium December 15, 2016.Francois Lenoir

LONDON (Reuters) - Britain will cover EU funding when it leaves the bloc if it provides good value for money, Prime Minister Theresa May said on Monday.

"The Chancellor of the Exchequer (finance minister) set out very clearly some weeks ago what the position on this was - that those funds will continue to be met provided they give value for money and meet the UK government's objectives," May told parliament.

Reporting by David Milliken and Andy Bruce; editing by Stephen Addison

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