Euro (Hansard, 28 January 1999)

HC Deb 28 January 1999 vol 324 cc347-8W 347W

§ 29. Mr. Amess
To ask the Chancellor of the Exchequer what discussions he has held with the Monetary Policy Committee on shadowing the euro. [66546]

§ Ms Hewitt
The Government have no intention of shadowing the euro.

§ 34. Mr. Evans
To ask the Chancellor of the Exchequer what representations he has receiving calling for the United Kingdom to join the Euroland countries. [66551]

§ Ms Hewitt
The Government's policy on UK membership of EMU was set out clearly by the Chancellor of the Exchequer in his statement to the House of Commons in October 1997. The key factor is whether the economic benefits of joining are clear and unambiguous. To make that decision the Chancellor of348W the Exchequer has set out five economic tests which would have to be met before the UK could join the single currency.