The estimated cost of the settlement to the 1980 EEC budget is about £298 million. Under present arrangements the United Kingdom's contribution to that would be about £52 million. The settlement also increased the United Kingdom's receipts. That increase would amount to about £83 million, assuming that the special United Kingdom butter subsidy continues for the whole of 1980.
I would not dream of accusing the Minister of misleading the House, but does he agree that he was far too optimistic in his account of the results of that Council meeting? He obtained a freeze on milk prices, but the amount of money that we are spending on milk has increased. Is the right hon. Gentleman aware of the letter of amendment sent by the Commission, to the effect that the total cost of his giving way and increasing the price of everything in surplus by 1½ per cent. in 1980 will cost the CAP £890 million extra, of which our contribution will be £150 million? His right hon. Friend is negotiating in Dublin today. Therefore, is not the Minister sorry that he did not stick out for a price freeze?
Will my right hon. Friend clarify the position on monetary compensatory amounts paid to those who export food for use in this country? They are of great benefit to the housewife, but on which side of the balance sheet does the cost of those MCAs fall?