Brexit: London funds British regions less than the EU

The UK regional rebalancing fund, created by Boris Johnson's post-Brexit government,

of the money previously provided by the European Union before Britain left the EU. EU, says a parliamentary report on Thursday 27 January.

,” notes this report from the parliamentary committee on the Treasury.

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Boris Johnson, in his Brexit campaign, claimed that EU funds would at least be matched by the UK becoming independent again.

However, the British government, which has made regional rebalancing (levelling up) one of its hobbyhorses,

, note the authors of the report.

,” they insist.

Renaming existing programs will not have the desired impact.

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The authors of the report

The report also urges the pro-Brexit Conservative government of Boris Johnson to give

and warns that

.

Downing Street had notably announced 7 billion pounds at the end of October for the renovation of trains and buses, from which it emerged later that a large part of the funds had already been allocated and announced before.

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Many British regions or cities have largely depended on European funds before Brexit for their investments and redevelopment, especially deindustrialized regions.