Mr. John David Taylorasked the Chancellor of the Exchequer what is the estimated net contribution by the United Kingdom to the European Economic Community for 1985 following the Fontainebleau agreement.
§ Mr. Ian Stewart[pursuant to his reply, 5 July 1984, c. 251]: It is too early to give precise estimates of the effect of the arrangements agreed at Fontainebleau on 1985 or future years since they will depend on the level and composition of Community expenditure. In broad terms, however, we expect in future years to be paying about half what we would have been liable to contribute had there been no settlement and the 1 per cent. VAT ceiling bad remained in place.
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§ Mr. Shoreasked the Chancellor of the Exchequer if he will update the table 2.2.5 in Vol II of Cmnd. 9143, entitled "European Community Budget", in the light of the agreements reached at the Fontainebleau summit.
§ Mr. Lawson[pursuant to the reply, 9 July 1984]: Revised figures for net payments to Community institutions will appear in the autumn statement. A fully updated version of table 2.2.5 in Volume II of Cmnd. 9143 will appear in next year's public expenditure White Paper.