European Community

Mr. Higgins
asked the Chancellor of the Exchequer what changes in the United Kingdom's financial transactions with the EEC he expects in the present and future financial years as a result of the negotiations reported to Parliament in statements on 2 June; and what are the corresponding figures for changes in the public sector borrowing requirement.

Mr. Lawson
My right hon. Friends gave the House on 2 June details of the budget and agricultural settlements. The budget refunds will go to reduce the PSBR, but is too early to say how much of the refund for 1980 will be paid in time to affect this year's PSBR.---------------------------------------------------------------------
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