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However, Britain was now in a much weaker bargaining position for determining the rules for its entry.
- The Commonwealth was denied full entrance to the EEC
- Britain was expected to pay more than it received due to its ‘developed’ economy and relative small size of agricultural sector
- By 1980 it contributed 20% of EEC funds but only received 8% of expenditure
- CAP and lack of Commonwealth food meant that food prices increased by £1,000 per person per yeat by 1980
- Fisheries - Britain had to share its huge coastline and fisheries areas with EU
- VAT increased