Question to the HM Treasury:
To ask Her Majesty’s Government what are the implications for the United Kingdom of the establishment of the European Fund for Strategic Investment; and whether the financing of the scheme will lead to increased United Kingdom contributions to the European Union budget.
The regulation is clear that the establishment of the European Fund for Strategic Investments is fully consistent with the terms of the multiannual financial framework, as secured by the Prime Minister in 2013 which delivered a real terms cut to the seven-year EU budget for the first time.