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Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 16 November 2010.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 2:30, 16 November 2010

Of course we are urging fiscal restraint on the European Union. I should pay tribute to my colleague, the Economic Secretary, who has been out to Brussels twice in the past few days to argue vigorously for restraint in the European Union budget with considerable success. One of the problems we are dealing with is that the previous Government gave up half the rebate and that is one of the reasons why the budget is increasing.