In an opinion published today, the European Court of Auditors (ECA) raises some concerns over the recent proposal for a Brexit Adjustment Reserve (BAR). This €5 billion fund is a solidarity tool which is intended to support those Member States, regions and sectors worst affected by the UK’s withdrawal from the EU. According to the auditors, while the proposal provides flexibility for Member States, the design of the reserve creates a number of uncertainties and risks.
Source: Press Release: EU auditors highlight risks of Brexit Adjustment Reserve