§ Mr. Ian Stewart
The National Consumer Council is aware of the Government's proposals for amendment of the Consumer Credit Act, as set out in paragraph 5 of annex 1 of the White Paper "Banking Supervision" (Comnd 9695). The NCC have requested further details of the proposed amendment in relation to electronic funds transfer at point of sale, and these will be provided at the appropriate time.
§ Mr. Foulkes
asked the Chancellor of the Exchequer if he will list for each country in the European Economic Community the percentage value added tax take-up entailed by the budget approved by the Council of Ministers.
§ Mr. Brooke
[pursuant to his reply, 4 March 1986, c. 94]: As laid down in article 203 of the treaty of Rome, the council's readings constitute stages in the process of agreeing a budget with the European Parliament, the other part of the budgetary authority. The VAT own resources rates to be applied to member states are only established when the budget is finally adopted by the European Parliament.