minds subscription: Brexit has already had a material effect on the UK's relationship with the EIB, which lent 7bn to 54 projects in 2016, compared to 1.8bn to 12 projects in 2017 and 932m to 10 projects last year, according to a new report by the Lords EU Financial Affairs Sub-Committee, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial It comes as Theresa May's attempts to break the Brexit impasse by renegotiating her deal were met with fierce resistance in Brussels, as senior leaders lined up to insist it cannot be reopened. Peers warned that major infrastructure projects would be hurt further if the government fails to plug the funding gap when Britain loses access to the European Investment Bank EIB after Brexit, as ministers have relied on the EIB to fund major projects such as Crossrail and Manchester's tram extension. Peers accused ministers of being vague over future relations with the EIB, which has contributed more than 118bn to UK projects in the last 45 years, ranging from the London Overground to roads in Scotland, as well as major water and sewerage systems. Brexit deal vote Opposing groups of protesters gather by parliament Show all 20 Created with Sketch. Created with Sketch.
(news.financializer.com). As
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