In Brussels on Wednesday 11 April, the European Commission confirmed that the proposals expected in early May on the multiannual financial framework of the EU post-2020 (MFF) are likely to feature a considerable decrease in agricultural and cohesion policy spending (see EUROPE 11980).
Although the EU budget is expected to remain at 1% of the gross national income (GNI) of the EU, the effects of paying for new priorities and the shortfall in funding resulting from the United Kingdom's...