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Westminster’s shame: Theresa May promised a ‘shared prosperity fund’ to replace EU grants – but it seems she wasn’t going to share it with anyone who wasn’t already rich. None of the Tory leadership candidates have said a word about it.

While the candidates in the Tory leadership contest try to bribe their voters with castle-in-the-air promises, they are all plotting to take funding away from areas of genuine need and give it to the richest.

It is shocking, but it is also exactly what we should expect from a government that is little more than a gang of bandits.

A study by a coalition of community leaders and charities called Communities in Charge has shown that Tory plans for post-Brexit Britain would withdraw huge amounts of funding from the poorest areas, including Wales, the southwest and northeast of England.

The money would be used in rich areas – London and the southeast.

This means, according to The Independent: “That would see Wales stripped of £2.3bn over the six years from 2021, with other big losses in the southwest (£1bn), the northeast (£480m), Northern Ireland (£230m) and the West Midlands (£225m).

“In stark contrast, London would gain a staggering £19bn over six years, with the southeast (£1.2bn), Scotland (£795m) and the east of England (£583m) also set to benefit.”

The change has been likened to taking £700 from every single human being in Wales, in order to give £200 to every Londoner.

It makes a mockery of Theresa May’s promise of a “shared prosperity fund” to replace the EU structural funds that will be lost post-Brexit.

The Conservative government claimed in January that it was making great progress on the fund.

Five months later, we may conclude that this fund will only share prosperity among rich Tories.

Source: Tory spending plans will strip billions from poorest areas after Brexit and give cash to richest regions, study finds | The Independent

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