The Shared Prosperity Fund

Part of 1. Questions to the First Minister – in the Senedd at 2:02 pm on 13 November 2018.

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Photo of Carwyn Jones Carwyn Jones Labour 2:02, 13 November 2018

It's very unusual for spending programmes to spend 100 per cent of the money in any financial year, because some projects are kept over to the other financial year. I can't offer him comfort in terms of how overspends might be dealt with; the UK Government have given us no comfort on that or any other issue regarding European funding post 2022. There's no doubt that a 'no deal' Brexit would be hugely costly. We can try to mitigate against it but the reality is we can't prevent the economic disaster that would occur if there was a 'no deal' Brexit, which is why I hope that there is a satisfactory deal on the table. We wait to see. I hope that those who at the moment see a 'no deal' Brexit as no problem will come to their senses when that deal is considered in the UK Parliament.