Economic and Monetary Union

HC Deb 24 May 1974 vol 874 cc315-6W

Mr. Jay

asked the Chancellor of the Exchequer when the second stage of EEC monetary and economic union is due to begin; and whether Her Majesty's Government will oppose further moves in this direction, pending the proposed renegotiation of the United Kingdom's relations with the EEC.

Mr. Dell

The draft resolution on the implementation of a second stage of economic and monetary union in the Community dated 8th January, 1974 (R/l/74 (FIN 1)) provided for this stage to begin on 1st January, 1974. The Government's attitude towards economic and monetary union was set out in paragraph 6 of my right hon. Friend's statement in the Council of Ministers in Luxembourg on 1st April, 1974 (Cmnd. 5593).