HC Deb 17 July 1985 vol 83 cc149-50W
Mr. Foulkes

asked the Chancellor of the Exchequer if he will estimate the maximum level of expenditure in the EEC budget implied by a 1.4 per cent. value-added tax ceiling; and if he will list any similar estimates made by other EEC countries or the EEC Commission.

Mr. Ian Stewart

[pursuant to his reply, 16 July 1985]: We understand that for 1986 the Commission estimate that a 1.4 per cent. value-added tax ceiling would allow expenditure of about 35.8 billion ecu for the Community of 12.