David Rutley
Main Page: David Rutley (Conservative - Macclesfield)Department Debates - View all David Rutley's debates with the HM Treasury
(11Â years, 10Â months ago)
Commons Chamber
Mr Osborne
As I have already explained, the negotiation and discussion on the rebate are had with the European Commission. The full amount, which was universally discussed in this House beforehand and by the shadow Chancellor in The Guardian, was ÂŁ1.7 billion. As a result of our negotiation and intensive discussion, we will be paying ÂŁ850 million.
I am pleased that my right hon. Friend has secured a change in the way that the surcharge formulas are calculated. Can he confirm that the UK will never be penalised in this way again for a strong economic performance?
Mr Osborne
We will never face such a large payment or such an unexpected period of time in which to pay, which is why we are getting permanent changes to the budget rules. That requires the consent of all member states, and we have that.