§ Sir Teddy TaylorTo ask the Chancellor of the Exchequer if he will make a statement explaining the differences in the basis of calculation of the latest estimate of the United Kingdom's net Budget contribution to the EC in the pamphlet "Britain in Europe" and his statement to the House of 27 October,Official Report, column 572.
§ Sir John CopeThe estimate of £2,599 million given on 27 October was, as stated, that published in the "Statement on the 1992 Community Budget", Cm 1948, June 1992. This took account of the United Kingdom's gross contribution, public sector receipts and abatement received in 1992 in respect of 1991. The estimate of the United Kingdom's net contribution in 1992 of £1.7 billion given in the pamphlet "Britain in Europe" takes account of the latest information on the United Kingdom's gross contribution, receipts to both the public and private sector and abatement in respect of contributions and payments made in 1992. This gives a better indication of the underlying level of the budgetary implications of Community membership for the UK as a whole.