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Proceeding contribution from Peter Bone (Conservative) in the House of Commons on Tuesday, 15 January 2008. It occurred during Committee of the Whole House (HC) and Debate on bill on European Communities (Finance) Bill.


European Communities (Finance) Bill

That seems possible. The previous Prime Minister said that he would serve a full term, which he did not. Some deal must have been done. Let me address the new clause. We are talking about something of enormous importance to British taxpayers. During the years that Mr. Blair was in power, the contribution to the EU made by British taxpayers, adjusted to today's value of the pound, was more than £100 billion—enough money to run the health service free of charge for this year. We are talking about a change in the formula whereby the EC allocates its budget to individual countries. Each country has the right to debate that new way of raising funds, but I suspect that only this country will have reservations, because only this country is dealt such a bad deal by the formula.


Secondary information

Type
Proceeding contribution
Reference
470 c877 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Contributions Finance Expenditure EU enlargement EU budget Common agricultural policy Treaties
Legislation
European Communities (Finance) Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk