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Written question asked by Lord Marlesford (Conservative) on Monday, 29 April 2019, in the House of Lords. It was due for an answer on Tuesday, 14 May 2019. It was answered by Lord Gardiner of Kimble (Conservative) on Friday, 10 May 2019 on behalf of the Department for Environment, Food and Rural Affairs.


Agriculture: Subsidies

Question

To ask Her Majesty's Government whether payments made under the Basic Payment Scheme of the Common Agricultural Policy in respect of harvest 2019 will be set in sterling or in euros.

Answer

This year’s Basic Payment Scheme (BPS 2019) payments for England will continue to be calculated in euros and then converted into sterling unless a farmer has opted to receive a euro payment.

The euro exchange rate used to make payments in sterling will be the average of the European Central Bank rates set over the month of September 2019. This exchange rate will be published on GOV.UK when it is announced.


Secondary information

Type
Written question
Reference
HL15403
Session
2017-19
Subjects
Agriculture Currencies Subsidies Common agricultural policy Brexit
Link
View this Written question on www.parliament.uk