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The UK agreed to make a series of payments to the EU, as part of the deal when it left in January, often called the divorce bill.
Iain Duncan Smith says the financial liabilities signed up to by Boris Johnson in the withdrawal agreement were too great.
One consequence of Brexit closed a financing source to UK start-ups on 1 Feb. – but access could re-open if a UK and EU trade deal includes Horizon Europe participation.
Boris Johnson has given up on a windfall for the UK of almost £7bn, which would have covered more than a fifth of the “divorce bill” from the EU.
The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
Major infrastructure projects could be 'hurt' if the government fails to 'plug the funding gap'
The European Investment Bank has said it will ramp up financial support for Ireland on a number of fronts to help the country prepare for Brexit.