Annual Farm Price Review

Part of Oral Answers to Questions — Agriculture, Fisheries and Food – in the House of Commons at 12:00 am on 22 November 1973.

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Photo of Mr Ernest Fernyhough Mr Ernest Fernyhough , Jarrow 12:00, 22 November 1973

Will the right hon. Gentleman say whether, if world prices continue to rise, the revenue which is collected and sent back to the Common Market through the levy system will also increase? Is it the case that as world prices soar, so too do the levies, thus increasing prices far beyond what would otherwise have been necessary?