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EU grants protected if UK leaves, Vote Leave claims
Ministers campaigning to leave the European Union say recipients of EU funding would get the same money if the UK votes to leave. EU funding projects for areas including farming, science, and culture would be continued until 2020, they said.
Priti Patel said government would have “options and choices” after Brexit with “more than enough money” to go around. But Remain campaigners said leaving the EU would “wreck Britain’s economy” and trigger public spending cuts.
Pound And FTSE 100 Fall As Brexit Polls Shift
The pound has continued its slide against other major currencies and the FTSE 100 has slumped below the 6000 barrier as a growing number of polls suggest the UK on course to leave the EU following next week’s referendum. Uncertainty over the referendum has coincided with growing market fears for the health of the global economy – with a widely expected rate hike by the US central bank tomorrow now expected to be put on hold.
Insurance policy for driverless cars now available
Adrian Flux has developed the new policy over a number of months in an attempt to not only support the UK’s bid to be at the forefront of the new technology, but also to encourage debate and discussion around the issue of liability and autonomous technology. The new policy is designed specifically for owners who already have autonomous driving features – such as self-parking – in their vehicles or car buyers who might be considering a new car equipped with the latest driverless or autopilot technology.
Britain’s record traffic is boosting fuel consumption
Britain’s consumption of road fuel is growing at the fastest rate for more than a decade as the impact of economic growth and lower prices more than offsets improvements in vehicle efficiency. Britain’s motorists consumed 36.0 million tonnes of motor spirit (gasoline) and road diesel in the 12 months ending in March, up from 35.2 million tonnes in the prior 12-month period.
Fuel consumption has been rising since 2013/14 and the increase predates the collapse in oil prices from mid-2014. For the most part, the rise in fuel consumption reflects a growing economy, increasing employment and rising household incomes