EIB approves Brexit capital increase

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EIB approves Brexit capital increase

EU flag UK
File photo dated 02/07/16 of a European Union flag in front of Big Ben. The prospect of a hung Parliament would throw serious doubt over Brexit negotiations, due to begin in earnest in just 10 days. | Daniel Leal-Olivas/PA Wire/PA Images

The European Investment Bank's board of governors has approved a pro rata capital increase from European Union member states in preparation for the UK's exit from the EU, which will result in it losing membership of the EIB.

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