HC Deb 29 January 1987 vol 109 c338W
Mr. Hancock

asked the Minister of Agriculture, Fisheries and Food what has been the financial cost to Britain for maintaining EEC food surpluses in the last three years.

Mr. Jopling

The United Kingdom contributes to the EC budget as a whole (rather than to specific schemes) at approximately 20 per cent., abated by the Fontainebleau mechanism. Community expenditure on public intervention storage has been:

MECU
1984 1,056
1985 1,342
1986 1,424

The cost of storing products in public intervention in the United Kingdom, not including financing costs, and related receipts from the EAGGF, is:

(£ million)
1984–85 1985–86 1986–87
IBAP expenditure 58 125 129
Receipts from EAGGF (including notional financing costs) 82 157 221

Sources:

EC expenditure: 1984–85 EC Commission Financial Reports, 1986 Budget

Storage in United Kingdom: Supply Estimates and outturn figures.