HC Deb 29 October 1986 vol 103 c138W
Mr. Deakins

asked the Chancellor of the Exchequer what has been the total cost of lost interest in United Kingdom payments to the EEC paid in advance of the due date.

Mr. Brooke

There is in effect no interest cost: wherever an advance payment is requested, the Government always take care to ensure that, without it, the Commission would have to draw down and overdraw its non-interest-bearing accounts with member states and/or delay payments to member states.