§ Mr. Deakinsasked the Chancellor of the Exchequer what is the latest European Commission estimate of the gross and net costs, respectively, arising from the admission of Spain and Portugal to European Economic Community membership.
§ Mr. Ian StewartThe Commission estimates that enlargement of the European Community to include Spain and Portugal might eventually involve a net addition to the Community budget of 0.1–0.2 per cent. of the 1 per cent. harmonised VAT base. No estimates of the gross cost have been published.