EU Budget

Treasury written question – answered at on 24 November 2009.

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Photo of David Heathcoat-Amory David Heathcoat-Amory Conservative, Wells

To ask the Chancellor of the exchequer what his Department's projections are for the level of the UK's (a) contributions to and (b) receipts from the EU budget in each calendar year from 2009 to 2013 inclusive, in pounds sterling, (i) before and (ii) after abatement.

Photo of Ian Pearson Ian Pearson Economic Secretary, HM Treasury

Table 3.2 of the European Community Finances white paper of July 2009 (Cm 7640) gives the latest projections for the UK's contributions to and receipts from the EC budget, including the value of our abatement, up to the financial year 2010-11. In line with all other public expenditure estimates, the Treasury does not currently publish forecasts beyond 2010-11. As usual, these figures will, where necessary, be updated in the forthcoming pre-Budget report.

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Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.

White Paper

A document issued by the Government laying out its policy, or proposed policy, on a topic of current concern.Although a white paper may occasion consultation as to the details of new legislation, it does signify a clear intention on the part of a government to pass new law. This is a contrast with green papers, which are issued less frequently, are more open-ended and may merely propose a strategy to be implemented in the details of other legislation.

More from wikipedia here: http://en.wikipedia.org/wiki/White_paper