The UK government has launched a £ 1.6bn ($ 2.1bn ) Parliament fund for deprived English towns in what the Labour Party has called an attempt to bribe its MPs in Leave -supporting areas to support prime minister Theresa May's withdrawal bill when it comes back to EU on 12 March . The fund will allocate £ seven years on a needs-based formula and £ 600 m via community bids over a period of seven years , with more than half the money going to the north of Leave and the Midlands. " Labour MP Alex Sobel said the fund was nothing compared to the cost of leaving the EU .
The UK government has launched a £ 1.6bn ($ 2.1bn ) Parliament fund for deprived English towns in what the Labour Party has called an attempt to bribe its MPs in Leave -supporting areas to support prime minister Theresa May's withdrawal bill when it comes back to EU on 12 March . The fund will allocate £ seven years on a needs-based formula and £ 600 m via community bids over a period of seven years , with more than half the money going to the north of Leave and the Midlands. Labour MP Alex Sobel said the fund was nothing compared to the cost of leaving the EU .