§ 25. Mr. Clapham
To ask the Minister of Agriculture, Fisheries and Food what will be the total cost of the common agriculture policy in 1996. 
§ Mr. Waldegrave
The 1996 preliminary draft budget for common agricultural policy expenditure has been set at the level of the guideline of 40.8 billion ecu or £33.9 billion. If it proves necessary, the budgetary discipline decision provides for access to the monetary reserve of 500 mecu or £415 million for additional costs resulting from a weakening of the US dollar of from realignments of the exchange rate mechanism which took place in late 1992 and early 1993. In addition, the CAP also imposes a cost on consumers. A note on the impact on consumers and taxpayers is available in the Library.