§ Mr. Marlowasked the Minister of Agriculture, Fisheries and Food if he will estimate the gross and net effect on the United Kingdom budget contribution, as renegotiated in 1980, of positive monetary compensatory amounts throughout the year of 5 per cent., 10 per cent., 15 per cent., 18 per cent., and 20 per cent.
§ Mr. Peter Walker[pursuant to his reply,12 March 1981, c.-425–26]: On the basis of the information available it is not possible to make sufficient precise estimates to answer my hon. Friend's question fully. As an indication of the likely range of the effects of different levels of positive MCAs on our contribution to the Community budget, however, I estimate that a 5 per cent. MCA applying for a full year would add about £20 million to our gross contribution and between about £15 million and about £70 million to our net contribution, depending on the precise application of the 30 May 1980 agreement: while a 20 per cent. MCA would add about £75 million to our gross contribution and between about £70 million and £270 million to our net contribution.