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Eec Budget Rebate

Volume 889: debated on Monday 24 March 1975

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asked the Chancellor of the Exchequer what estimate he has made of the size of Great Britain's net annual contribution to the EEC which would be required for Great Britain to attract the full amount of the £125,000,000 rebate under the scheme approved by the EEC Ministers at their recent meeting in Dublin; and if he will make a statement.

Reimbursement under the correcting mechanism is related to the gross rather than the net contribution. Its size in any year will depend on a number of factors including the size of the Community budget and the relationship between the United Kingdom's share of the budget and its share of Community gross national product. It is not possible to give realistic estimates for these factors whose development is subject to considerable uncertainty.