However, the delay in the agreement on the EU budget means that my constituency, West Wales and the Valleys – an Objective 1 area – has lost its chance for full convergence funding after 2007. While the UK Government focused on retaining the rebate, Wales lost up to GBP 3 billion and next year will be too late, so the UK’s interest was not in Wales’ interest.
Toutefois, en raison du retard survenu dans l’accord sur le budget communautaire, ma circonscription, la région des West Wales and the Valleys - relevant de l’objectif 1 -, a perdu ses chances de financement pour pleine convergence après 2007.