HC Deb 29 October 1993 vol 230 cc848-9W
Mr. Marlow

To ask the Chancellor of the Exchequer if he will set out what happens to the level of resources available to the European Community for each of the years for 1993 to 2000 on the basis of the growth rates assumed at Edinburgh and for average European growth rates of 0.25 per cent. per annum, 0.5 per cent. per annum, 1 per cent. per annum and 2 per cent. per annum less than those assumed.

Mr. Nelson

On the basis of the economic growth assumptions and the own resources ceilings agreed at the Edinburgh European Council, the information requested for the years 1993–1999—the period covered by the Edinburgh financial perspective—is as follows:

1993 1994 1995 1996 1997 1998 1999
Own resources ceilings
(percentage of GNP) 1.20 1.20 1.21 1.22 1.24 1.26 1.27
Own resources ceilings
(mecu—1992 prices)
Edinburgh economic assumptions1 65,820 67,272 69,527 71,858 74,859 77,968 80,551
Reduced real growth in Community GNP:
-¼ per cent. per annum 65,521 66,799 68,871 71,002 73,790 76,667 79,014
-½ per cent. per annum 65,359 66,470 68,364 70,308 72,890 75,547 77,669
-1 per cent. per annum 65,035 65,816 67,359 68,935 71,116 73,347 75,038
-2 per cent. per annum 64,387 64,516 65,379 66,249 67,672 69,107 70,004
1 Edinburgh assumed real growth in Community GNP of 1.4 per cent. in 1993, 2.2 per cent. in 1994 and 2.5 per cent. a year thereafter.