European Union: Budget

Part of the debate – in the House of Lords at 2:55 pm on 14th June 2005.

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Photo of Lord McKenzie of Luton Lord McKenzie of Luton Government Whip 2:55 pm, 14th June 2005

My Lords, the Government are currently negotiating both the annual budget and the next financial perspective. In both areas the Government are working effectively with like-minded member states to ensure budget discipline and value-added for spending at EU level. Other member states have taken a keen interest in the UK's ideas and we are confident that the negotiations will result in an outcome in the best interests of both the UK and the EU.