§ Mr. Spearing
asked the Lord Privy Seal what progress has been made in the EEC Council of Ministers on the proposals for readjustment of the United Kingdom net contribution to the EEC and the associated programme of expenditure.
§ Sir Ian Gilmour
On 22 July the Foreign Affairs Council resolved the main outstanding points on the financial mechanism amending regulation. It was agreed that the regulation would cover 1980 and 1981 in the first instance and would apply to 1982 if a decision is taken, in accordance with the 667W agreement of 30 May 1980, that a solution along the lines of 1980–81 is necessary in 1982. On the regulation providing special measures in favour of the United Kingdom, it was agreed that work would continue with a view to decisions in principle being taken by the Council in September.