HC Deb 11 November 1997 vol 300 c513W
Mr. Edwards

To ask the Minister of Agriculture, Fisheries and Food what proposals he has to introduce a system of dispensation to reflect exchange rate fluctuations similar to that available to German farmers. [14965]

Mr. Rooker

EU rules make it possible for the UK to compensate farmers for the income effects of revaluations of the rates used to convert subsidies and other amounts fixed under the CAP into sterling. Paying this aid would have significant implications for UK public expenditure. We are keeping the situation under review but, on the evidence currently available, have concluded that the case for payment is at present not proven.

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