EU Budget: Contributions

Treasury written question – answered on 6th October 2008.

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Photo of Graham Brady Graham Brady Conservative, Altrincham and Sale West

To ask the Chancellor of the Exchequer what estimate his Department has made of the effect of sterling/euro exchange rate changes on the UK net contribution to the EU in (a) each of the last five years for which figures are available and (b) 2008 to date, using the previous Budget Red Book as a base figure in each case.

Photo of Ian Pearson Ian Pearson Minister of State (Science and Innovation), Department for Innovation, Universities and Skills, Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform, Economic Secretary, HM Treasury

No separate estimate is made. Exchange rate changes will, of course, impact on these forecasts but this is only one of a number of factors which are taken into account, and which inter-relate with each other, in putting together each forecast. Figures for UK net contributions to the EC Budget are published twice each year in the Budget and the pre-Budget report (PBR) and latest estimates will be included in the PBR later this year.

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