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European Community (United Kingdom Contribution)

Volume 975: debated on Friday 7 December 1979

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asked the Chancellor of the Exchequer, on the present basis of the financial arrangements arising from membership of the EEC, what is the estimated net deficit of Great Britain's contribution in 1980–81, 1981–82, 1982–83, 1983–84 and 1984–85.

[pursuant to his reply,4 December 1979]: As stated in "The Government's Expenditure Plans 1980–81 (Cmnd 7746), the estimated net contribution to the European Communities, and to the European Investment Bank, net of public sector receipts, in 1980–81 under present arrangements is estimated at about £1,000 million. On present trends it will continue to increase in subsequent years.