Outcome of the EU Referendum

Catherine McKinnell Excerpts

Monday 27th June 2016 Commons Chamber

[The Prime Minister]

Let me say now what I said at the time, which is that nobody wants to have an extra Budget or any difficult measures for taxes or spending, but, obviously, any Government have to react to the economic circumstances they face. Let us hope that the economic circumstances are not as bad as the experts predicted.

[Catherine McKinnell (Newcastle upon Tyne North) (Lab)]

Over the next five years, the north-east was due to receive £726 million in EU funding. Will the Prime Minister give some much needed reassurance to the regions currently relying on hundreds of millions of pounds of EU funding that they will still receive the same amount from Whitehall?

[The Prime Minister]

Obviously, I cannot give that assurance today, but we heard during the campaign from those who were arguing we should leave that we ought to try to do everything we can to help disadvantaged areas of the country—those in receipt of grants, farmers and the rest of it—with the best situation we can. I am sure that that is what will happen.