Spending Priorities

Part of Oral Answers to Questions — European Community – in the House of Commons at 12:00 am on 23 January 1985.

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Photo of Mr Geoffrey Howe Mr Geoffrey Howe , East Surrey 12:00, 23 January 1985

Your precision is admirable, Mr. Speaker.

The agreement provides that the net expenditure relating to agriculture markets will increase by less than the rate of growth of the own resources base. This provision should allow greater headroom within the VAT ceiling for expenditure on non-agriculture policies, in accordance with the maximum rate provisions of the treaty.