§ 55. Mr. Rentonasked the Minister of Agriculture, Fisheries and Food what he estimates to be the annual cost of importing dearer foodstuffs as a result of the United Kingdom's European Economic Community membership.
§ Mr. Buchanan-SmithIn relation to commodities subject to import levies under the CAP, it can be calculated that the extra balance of payments cost of United Kingdom imports from other member States in 1978, minus the extra revenue on our exports to them, was about £110 million after taking account of monetary compensatory amounts—some £475 million—paid from the Community budget on the imports.