The United Kingdom this week vowed to support farmers and universities that receive billions in funding each year from the European Union once the country leaves the EU. Bloomberg reports the U.K. will match the level of agricultural funding until 2020. A U.K. official says the nation is “determined to ensure that people have stability and certainty” in the period leading up to its departure from the EU. The announcement comes as the U.K. faces an array of demands from EU nations when exit negotiations begin, foreshadowing a long and complicated process that’s likely to generate uncertainty and weigh on business investment.
From the National Association of Farm Broadcasting news service.