HC Deb 22 May 1973 vol 857 c59W
Mr. Deakins

asked the Minister of Agriculture, Fisheries and Food why the Council of Ministers has agreed to a 1 per cent. increase in prices for cereals and sugar to take effect when the United Kingdom and Italy have joined the EEC currency float.

Mr. Godber

This decision was part of the general settlement finally agreed by the Council of Ministers. The further increase will not take effect in countries whose currencies have appreciated and it is thus a partial step towards allowing parity changes to be reflected in CAP prices expressed in national currencies.