British farmers face bankruptcies as £1.8bn in EU agriculture cash dries up: MPs warn ‘blind Brexit optimism’ may lead to jump in food prices

Direct agriculture funds of around £1.8bn per year will be cut by half in 2025 and completely dry up by 2027, under new government plans. As the EU’s Common Agricultural Policy (CAP) no longer applies to British farmers following the UK’s departure from the EU, MPs warn in a new report for ‘blind Brexit optimism’ [...]