Common Agricultural Policy (Hansard, 24 May 1982)

HC Deb 24 May 1982 vol 24 cc225-6W 225W

§ Mr. Teddy Taylor
asked the Chancellor of the Exchequer if he will make an estimate of the consequences for the expenditure and receipt of funds to the United Kingdom Treasury if the common agricultural policy was replaced with a system of agricultural support whereby 226W levies were retained at present levels but the revenue was collected and retained by the United Kingdom Government.

§ Mr. Brittan
[pursuant to his reply, 20 May, c. 157–8]: The consequences are estimated to be:

mecu £^*

(a) loss of receipts from CAP in 1982 -1,300 -680

(b) levies retained +617 +323

(c) net loss to the United Kingdom -683 -357

^* £1 = 1.9118 ecu.

	mecu	£^*
(a) loss of receipts from CAP in 1982	-1,300	-680
(b) levies retained	+617	+323
(c) net loss to the United Kingdom	-683	-357
^* £1 = 1.9118 ecu.