Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-09-05-Speech-3-118"
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"en.20070905.18.3-118"2
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"I support the Elles report on the draft amending budget No 5/2007. In doing so, I would like to point out a particular problem for my own country that might mitigate against support for additional spending.
The problem Britain has is that Margaret Thatcher with the 1984 Fontainebleau Agreement left future British Governments with a poison pill. Fontainebleau gives Britain back a rebate of two-thirds the difference between our annual contributions and annual receipts from the EU. Thus any new expenditure programmes cost Britain twice; first we pay our 50% and then lose two thirds of the EU contribution, diminishing uniquely in our case the EU contribution from 50% to less than 17%. Allowing for the fact Britain’s contributions are just below 15% of the total budget, any new project for which Britain receives less than a third of the benefits leaves Britain out of pocket."@en1
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The resource appears as object in 2 triples