European Budgets 2014 to 2020

Part of Internet Regulation (Material Inciting Gang Violence) – in the House of Commons at 3:49 pm on 8 November 2011.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 3:49, 8 November 2011

The most recent rate of inflation in the EU was about 2%, so clearly a 5% increase would be in excess of the rate of inflation, and therefore an inflation-busting—