Proceeding contribution from Peter Bone (Conservative) in the House of Commons on Monday, 19 November 2007. It occurred during Debate on bill on European Communities (Finance) Bill.
European Communities (Finance) Bill
The Minister said that it was in our economic interest to be in the European Union. When we went into the Union, we had a trade deficit with the EEC of £1.327 billion. That was recalculated to be £11.3 billion, and today's balance of trade deficit with the European Union is £38 billion. That represents 80 per cent. of our trade deficit. When we went in, it was only 50 per cent. How is that an economic positive?
Secondary information
- Type
- Proceeding contribution
- Reference
- 467 c981
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Audit Common fisheries policy Contributions British overseas territories EU countries EU enlargement EU budget Job creation EU grants and loans National income Common agricultural policy Eastern Europe Balance of trade Treaties Republic of Ireland
- Legislation
- European Communities (Finance) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2026-09-18 07:37:31 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_422630
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