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.

Alert me about debates like this

Photo of Mr Geoffrey Howe Mr Geoffrey Howe , East Surrey 12:00 am, 18th March 1987

The hon. Gentleman should really know better than to make that kind of observation. He should know perfectly well that we have put in place the budgetary discipline arrangements of the Fontainebleau agreement. They are fortified and sustained by the specific limitations of the own resources system. The limits of the room for manoeuvre are as described, with the possibility—and I emphasise the word possibility—of a 1·6 per cent. ceiling with the unanimous agreement of all member states. It is a matter of may, not must. We are entitled to look to the hon. Member for Hamilton (Mr. Robertson) for his support for the range of extremely difficult measures that are likely to be necessary if we are to secure effective control of the financing of agricultural policies.