European Community (United Kingdom Membership)

Part of Oral Answers to Questions – in the House of Commons at 12:00 am on 24th July 1980.

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Photo of Mr Geoffrey Howe Mr Geoffrey Howe , East Surrey 12:00 am, 24th July 1980

As regards the significant point that the hon. Gentleman has raised, the deficit on visible trade increased in money terms, but in real terms there has been a small net reduction in our deficit with the Community. I am not sure how the hon. Gentleman has managed to confuse what took place in Venice with what took place within the Community. There is no connection between the two.