HC Deb 30 November 1993 vol 233 cc383-4W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what are the present positions of the European Commission and other member states of the EC in the Council of Ministers towards the means of funding the EC and of the possible increase in the resource base of the EC beyond the present own resources.

Sir John Cope

When it met in Edinburgh on 11 and 12 December 1992, under the chairmanship of my right hon. Friend the Prime Minister, the European Council reached a rigorous agreement about the Community's finances for the period to 1999. My right hon. Friend reported the conclusions to the House on 14 December 1992,Official Report, columns 23–40. They remain the position of the member states and the Commission. Discussions are currently in progress in Brussels about the Commission's proposals for a new own resources decision to give effect to the changes agreed by the Edinburgh European Council to the own resources system.

Mr. Nelson

I meet the chairman regularly to discuss SIB's responsibilities under the Financial Services Act 1986, which include the recognition of self-regulating organisations.

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