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's policy is to continue to seek to bear down on expenditure under the CAP, particularly following the success in 2003 of the new financing arrangements.

If the funding of agriculture were returned to member states, it would have to happen across the piece. We are not optimistic that that will happen quickly but one of the Government's objectives is to reduce spending on the CAP. We regard the agreed levels as ceilings not targets. It cannot be right that so much of the budget—some 40 per cent—is spent on agriculture.