Common Agricultural Policy payments could be slashed in next EU budget

Common Agricultural Policy payments could be slashed in next EU budget

Common Agricultural Policy payments could face major reductions in the next EU budget.

CAP currently accounts for 40% of the funds but once the UK leaves, there will be a shortfall of €10bn-€12bn in the budget.

The Commission has published a reflection paper today to start a debate on what areas of funding should be reduced.

Former secretary general of the Commission Catherine Day said we should prepare for CAP to be reduced.

"The important thing is for Ireland collectively, including the farming sector, to take a long, hard look at what we expect the EU to finance for us, versus what can we finance ourselves," she said.

"One new factor since the last time the EU budget was fixed is that Ireland is now a net contributor.

"The bottom line is that if you want to keep the CAP exactly where it is, you would have to cut back on regional funding or on other parts of the budget."

More in this Section

Scottish Secretary: Northern Irish exports will face checks on way to BritainScottish Secretary: Northern Irish exports will face checks on way to Britain

Topshop chief executive Paul Price to step downTopshop chief executive Paul Price to step down

Goods worth €141bn exported last year; US and UK are strongest trade partnersGoods worth €141bn exported last year; US and UK are strongest trade partners

UK economy suffers worst three months in decade after stagnating in OctoberUK economy suffers worst three months in decade after stagnating in October


Lifestyle

Ray Liotta never planned to be an actor. He only signed up for drama classes in college in a bid to dodge the more academic subjects, and didn’t make his first film until he was 30.Both sides now: Ray Liotta on his 40 year career

I am Jesus Christ! No, don’t worry, this writer’s ego isn’t quite that big. We won’t be turning water into wine. Rather, ‘I Am Jesus Christ’ is the name of a new game just announced on Steam.GameTech: The new video game 'I am Jesus Christ'

Johnny ‘Fang’ Murphy, frontman with Cork group The Stargazers, tells Ellie O’Byrne about the cultural milestones on his musical journey.Getting into the swing of things: Johnny 'Fang' Murphy on his musical journey

Clean skincare is cleaning up, but does it even mean anything in particular?The Skin Nerd: When clean does not always mean better

More From The Irish Examiner