Simply put, London hands over money to the EU which hands most of it back to regions that London wouldn't have handed the money to in the first place (Scotland,

Simply put, London hands over money to the EU which hands most of it back to regions that London wouldn't have handed the money to in the first place (Scotland, North of England, Wales...somewhat ironically since many of them voted leave..). I think the reason we are no longer part of the EU is in part bad PR on the part of the EU on what it actually did. Which is why "what is the EU/what does the EU do" type queries have trended on google after the referendum. People suddenly wondering how fucked/non-fucked we are since the result.