§ Mr. ButterfillTo ask the Chancellor of the Exchequer what refunds the United Kingdom has received as a result of the Fontainebleau agreement, from the net European Community contributions paid since 1985; and if he will make a statement.
§ Mr. BrookeAbatements made by the United Kingdom in respect of our VAT contributions since 1985 are set out in the table below:
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Year abatement made Amount of abatement (million ecu) (£ million) 1985 1,000 1605 1986 1,900 1,262 1987 1,633 1,153 1988 2,397 21,598 1 United Kingdom actually received £439 million of this in the first few days of January 1986. 2 Estimate based on annual exchange rate to October 1988 of £1 = 1.5 ecu. In addition, the 1989 revised draft budget includes an abatement of 1,780 mecu (£1,187 million).