§ Mr. LeightonTo ask the Chancellor of the Exchequer what were the net contributions by the United Kingdom to the EC budget for each of the last four quarters.
§ Mr. Norman LamontThe latest estimates for net contributions to the EC budget on a balance of payments basis are:
£ million 1990 Q1 353 Q2 694 Q3 542 Q4 887 The figure for the fourth quarter has been revised upwards by £516 million in the light of corrected information which has become available since the press notice on the balance of payments was published by the CSO on 13 March.
This and other revisions will be incorporated in the CSO press notice on the quarterly balance of payments accounts to be published in June.
This revision to the fourth quarter of 1990 does not affect the projection of the invisible balance for January and February 1991 published in the CSO press notice of 25 March, nor does it affect the forecasts of the balance of payments for 1991 published in the FSBR tables 3.1 and 3.5.