§ Mr. Teddy Taylor
asked the Chancellor of the Exchequer what have been the total payments to and receipts from the EEC since the United Kingdom became a member of the EEC, and if he will express the difference as a ratio.
§ Mr. Lawson
[pursuant to his reply, 26 January 1981]: Gross payments made by the United Kingdom to the EEC from 1 January 1973 to 31 December 1979 amounted to £4,858 million. Receipts from the EEC in the same period amounted to £2,494 million. The difference expressed as a ratio is 1.95: 1.