HC Deb 29 June 1971 vol 820 cc75-6W
Mr. Deakins

asked the Chancellor of the Exchequer what estimate the Government has now made about the effect of the United Kingdom contribution to the European Economic Community budget during the transitional period on the growth of the gross national product.

Mr. Higgins

The growth of the gross national product will be dependent on a wide range of factors. It would be unrealistic to assess its response to a single isolated factor.

We expect that the overall effects of membership—allowing for the financial arrangements—will increase our rate of growth, and that our industry will take the opportunities it will provide.

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