Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the UK public finances of fluctuations in the Pound Sterling-Euro exchange rate causing an increase in the amount of the UK's contribution to the EU budget; and what contingencies he has arranged for such circumstances.

Member States’ contributions to the EU Budget are made in national currency based on an exchange rate fixed on the last working day before the start of the EU Budget year. There are no subsequent fluctuations to that exchange rate.