Question to the HM Treasury:

To ask Her Majesty’s Government, further to the Written Answer by Lord Young of Cookham on 14 November (HL2994), whether they will set out in the body of their response the values in sterling asked for in the original question.

Analysis of spending in the UK shows that we expect 7% of receipts to cover rural development and the environment, 44% to cover agriculture and fisheries and 27% to cover research and development under the 2014-20 Multiannual Financial Framework. The sterling value of those receipts will depend on a number of factors, including the timing of payments and the exchange rate prevailing at that time. Over 2010-14 the average annual value of UK receipts from the EU budget was £5.6bn.