§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what is the latest assumption for United Kingdom net contributions to the EC in the 1994 calendar financial year; and what assumptions have been made on 333W the level, in the period, of the United Kingdom's gross domestic product and the exchange rate between the pound sterling and the ecu.
§ Sir John CopeThe latest forecast of the United Kingdom's net contribution to EC institutions by United Kingdom financial year, for the years to 1996–97, together with relevant economic assumptions, will be published in the "Financial Statement and Budget Report" on 30 November. The 1994 EC budget is expected to be adopted by the European Parliament in December. Following its adoption, the Government will publish a White Paper, "Statement on the 1994 Community Budget". The statement will include a calendar year forecast for the United Kingdom's net contribution to the EC budget in 1994.
Meanwhile the position remains as set out in the explanatory memorandum on the draft 1994 EC budget submitted by Her Majesty's Treasury on 22 November 1993.