The UK rebate (often referred to as the British rebate) is a rebate on the United Kingdom`s contribution to the EU budget paid back to HM Government by the European Union. ==History== The rebate was negotiated by British Prime Minister Margaret Thatcher in 1984. The main reason for the rebate was that a high proportion of the EU budget (at that t.
Found on http://en.wikipedia.org/wiki/UK_rebate
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