§ Mr. Teddy Taylorasked the Chancellor of the Exchequer, why the provision for net payments to the European Economic Community in the current financial year has been increased by £440,000,000 in the revised public expenditure plans, if he will publish a table showing the net contributions in each of the previous seven years; and if he will make a statement.
§ Mr. Brooke[pursuant to his reply, 17 November 1986]: The provision for net payments to European Community institutions in the current financial year has been increased by £440 million in the revised public expenditure plans because it reflects: 177W
- a lower estimate of the UK's share of receipts from the budget;
- a larger VAT adjustment in August than previously expected;
- an assumed advance of £130 million of traditional own resources from April 1987 to March 1987 (and thus from 1987–8 to 1986–7) because of the Community's expected shortage of funds;
- larger than expected contributions to the EIB.
The figures requested for the previous seven years are:
178W
£ million cash 1979–80 841 1980–81 168 1981–82 103 1982–83 576 1983–84 853 1984–85 936 1985–86 800