§ Mr. RedwoodTo ask the Chancellor of the Exchequer if he will express the United Kingdom's gross 615W contribution to the EC in 1995–96 as a proportion of the revenue from the standard rate of income tax for the same period. [18084]
§ Mr. OppenheimIn financial year 1995–96 the UK's total gross contribution to the European Community budget after abatement was £7,635 million. This was equivalent to 17.5 per cent. of revenue from the basic rate of income tax in that year of £43,600 million. However, the UK's contribution to the European Community is, of course, funded by total general Government receipts. In 1995–96 our gross contribution to the Community was equivalent to 2.8 per cent. of the total of £269,200 million.