§ Mr. Spearing
asked the Chancellor of the Exchequer if, in the light of the recently concluded renegotiations with the EEC, he will specify those economic and fiscal powers that would be transferred from Parliament in the event of continued membership of the EEC, which Parliament possessed in the year 1972.
§ Mr. Joel Barnett
, pursuant to his reply [Official Report, 17th March 1975], circulated the following answer
Our aims in renegotiation covered both the proposals for economic and monetary union and the retention by Parliament of those powers over the British economy needed to pursue an effective fiscal policy. The results will be included in the forthcoming White Paper on the outcome of renegotiation.