HC Deb 13 October 1975 vol 897 c582W
Mr. Spearing

asked the Chancellor of the Exchequer what legislative steps have been taken by the Commission of the European Economic Community to implement the decisions concerning adjustments of budgetary contributions of member States.

Mr. Joel Barnett

The Commission's proposal for a draft Council Regulation (R/2047/75) setting up a new financial mechanism was submitted to the Council on 30th July 1975. Discussion of the draft within the Council machinery is expected to begin shortly and the Regulation will come before the Council for adoption in due course.