§ 53. Mr. Jayasked the Chancellor of the Exchequer what progress has been made in securing a fairer contribution by the United Kingdom to the European Economic Community budget.
§ Sir Geoffrey HoweHer Majesty's Government have continued to build on the progress made by the Prime Minister at the June European Council. The European Commission has produced a reference paper which demonstrates the serious inequity of the United Kingdom's prospective net contribution, and will shortly be submitting to member States its proposals for a solution. The Government hope that these proposals will provide the basis for agreement, at next month's European Council, on a solution which will remedy the present inequity, and ensure that it does not arise again.