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 Mr George Robertson Mr George Robertson , Hamilton 12:00 am, 18th March 1987

The Foreign Secretary has come to the House before and told us all this. It is all very well his saying that he will stick to the Fontainebleau agreement, but the Community is already working at 1·6 per cent. of VAT and its accumulated liabilities now total £12 billion. If the Government were to reject the Delors package, which would put the price tag up to 2·1 per cent. of VAT, what would happen then? Even these proposals provide for an increase in CAP of 2·5 per cent. a year. Why is there such a silence from the Government about this very important crisis affecting the Community? We have had no debate, no statements from the Finance Ministers Councils, nothing except a lot of dithering. How is the circle to be squared? Where will the extra mony come from to fill the huge hole that exists in the Community's finances?