That is not a matter that is related to the Bill. The own resources decision uses the same formula for this financial framework as it did for the previous one. The revisions to GNI to which my hon. Friend refers are a separate matter. The element relating to the hidden economy has on occasions been somewhat overstated in this debate, but yes, there was a correction of our GNI estimates and that did require an additional sum. He will be aware of how this Government negotiated to ensure that we did not have to pay that sum up front—we were given much more time—and that the rebate applied to it.
European Union (Finance) Bill
Proceeding contribution from
David Gauke
(Conservative)
in the House of Commons on Thursday, 11 June 2015.
It occurred during Debate on bills on European Union (Finance) Bill.
About this proceeding contribution
Reference
596 c1389 Session
2015-16Chamber / Committee
House of Commons chamberLibrarians' tools
Timestamp
2015-06-18 21:07:44 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2015-06-11/15061141000627
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2015-06-11/15061141000627
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2015-06-11/15061141000627