§ Mr. Deakinsasked the Prime Minister in what form the United Kingdom is to receive refunds in future from the Common Market; and what powers the European Assembly will have in relation to this matter.
§ The Prime MinisterThe arrangements agreed at the Fountainebleau European Council for future United Kingdom refunds provide that the refunds will be implemented automatically on the revenue side of the Community budget by abatement of the United Kingdom's VAT payments in the following year. There will be no need for any continuing reference to the European Parliament once these arrangements have been ratified.