EU: UK Contribution

Debate between Lord Newby and Lord Ashdown of Norton-sub-Hamdon

Wednesday 30th October 2013 Lords Chamber

[Lord Newby]

My Lords, there is a cash limit. There is an overall payment ceiling of €908.4 billion over the next budget period. That is a cash limit.

[Lord Ashdown of Norton-sub-Hamdon (LD)]

Regarding my noble friend’s last answer, I do not know how much the European Union spent on creating a sustainable peace and a functional state in Bosnia-Herzegovina. However, I wonder if my noble friend would accept from me that, however much was spent, the figure amounted to tens of times less than it would have cost everybody, including British taxpayers, if there had been a return to conflict.

[Lord Newby]

My Lords, I am grateful to the noble Lord. I completely agree with him.