Ten Things You Need to Know Today: Saturday 13 Aug 2016

1. Treasury guarantees post-Brexit funding for EU projects

Philip Hammond is promising to replace EU funding for farmers, scientists and other projects after Britain leaves the bloc. The chancellor’s guarantee could cost up to £4.5bn a year. Agricultural funding now provided by the EU will also continue until 2020. Shadow chancellor John McDonnell said: "The Tories clearly had no plan for Brexit and are making it up as they go along."

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