The UK treasury is prepared to allocate 2 billion pounds, or roughly $2.5 billion, in Brexit funding to various departments, amid the stepped-up preparations for a no deal EU divorce, although it is unclear what part of the 2 billion pounds is earmarked for a no deal Brexit, specifically, media reported on Tuesday.
MOSCOW (Pakistan Point News / Sputnik - 18th December, 2018) The UK treasury is prepared to allocate 2 billion pounds, or roughly $2.5 billion, in Brexit funding to various departments, amid the stepped-up preparations for a no deal EU divorce, although it is unclear what part of the 2 billion Pounds is earmarked for a no deal Brexit, specifically, media reported on Tuesday.The Home Office is expected to receive the biggest additional funding of 500 million pounds, with the Department for Environment, food and Rural Affairs as a close second with 400 million in extra financing, the Financial Times newspaper reported.
The UK Cabinet reportedly agreed to fully implement preparations for a no deal Brexit at a Tuesday meeting, after the European Union made it clear that it would not renegotiate the latest deal agreed with the United Kingdom.
The draft deal was endorsed by the bloc on November 25, but it still has to be approved by the UK House of Commons, where it was met with strong criticism. Prime Minister Theresa May postponed the Commons vote originally slated for December 11 until mid-January in an attempt to placate the lawmakers by securing additional guarantees on the Irish border backstop from her EU partners.
