EU: Budget Debate

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Department: HM Treasury
Monday 4th March 2013

(11 years, 8 months ago)

Lords Chamber
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Lord Deighton Portrait Lord Deighton
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I will address the narrower question; so many noble Lords have much more experience on the broader question. I do not know whether the European Parliament intends to vote in secret. If it does, that is completely wrong.

Lord Hamilton of Epsom Portrait Lord Hamilton of Epsom
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My Lords, will my noble friend comment on the reports in the papers yesterday that this budget agreement has been reached for certain sweeteners, amounting to billions of euros, being paid to practically every nation in Europe other than the United Kingdom?

Lord Deighton Portrait Lord Deighton
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In this budget we are talking about over €900 billion, six separate headings of component parts, and an ‘other items’ budget which includes a range of other things. It is a big and complex budget with many different components. There were lots of parts to the negotiation, and these particular transactions are indeed part of it.