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

There will always be pressure from others to spend more, and a failure to agree the framework would shift the focus to the annual budget process which, unlike the framework, is decided by qualified majority voting. It is an uncertain prospect that we are eager to avoid. That is why we will work tirelessly to seek the best deal on the multi-annual framework, but a deal on our terms—a deal that curbs EU spending and puts a brake on the Commission’s plans for EU-wide taxes and seizing some of our rebate—