EC Budget

Part of Oral Answers to Questions — Foreign and Commonwealth Affairs – in the House of Commons at 12:00 am on 18th March 1987.

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Photo of David Heathcoat-Amory David Heathcoat-Amory , Wells 12:00 am, 18th March 1987

Will my right hon. and learned Friend confirm that the European Community will spend about £3 billion more than its permitted revenue this year, and that the Commission's reaction to that is to try to switch to a more generous revenue system so that the budget can continue its upward path? Will my right hon. and learned Friend undertake to veto any such scheme? Will he bring to the European budget the prudence and financial rectitude for which he was famous when he was Chancellor of the Exchequer?