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Cap (Fontainebleau Rebate)

Volume 301: debated on Tuesday 25 November 1997

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To ask the Chancellor of the Exchequer pursuant to his answer of 18 November 1997, Official Report, column 115, if he will calculate the effect of only one programme being underspent by £200 million and no other changes to other programmes or matters on the level of the Fontainebleau rebate in the following year. [17758]

On the assumption that the £200 million underspend took place entirely in the UK, and all other things being equal, our abatement would increase by around £110 million in the year following the underspend. This is however a hypothetical calculation. In practice numerous other factors would influence the outcome of the abatement.