EU Budget (Surcharge)

William Cash Excerpts

Monday 10th November 2014 Commons Chamber

[Mr Osborne]

As the hon. Gentleman should know, the rebate involves a discussion between member states and the European Commission, which is why we were discussing with the Commission, in parallel, the size of the British rebate. Frankly, any question from Labour Members about the rebate is a bit rich, given that they gave up half of it.

[Sir William Cash (Stone) (Con)]

My right hon. Friend is to be congratulated on getting rid of these punitive interest rates. I hope that he will refer the new rules that were decided at ECOFIN last Friday to my Committee so that we can scrutinise them properly. Is there any sound reason for our making any payment at all if those rules do not deal with the problem of other member states including their black economy in the statistical base that they use when putting forward their proposals? That greatly affects the whole basis on which the calculations are made.

[Mr Osborne]

My hon. Friend raises an important point about the quality of the statistics. It was raised by the European Court of Auditors last week; it was also made forcefully by the Dutch Finance Minister at ECOFIN. The key point is that we can examine the numbers, and if there are errors we will get money repaid to us at the end of next year.