§ 25. Mr. Geraint Howells
To ask the Chancellor of the Exchequer which of the Madrid conditions concerning United Kingdom entry into the exchange rate mechanism of the European monetary system have yet to be fulfilled.
§ Mr. Ryder
Progress has been made on capital liberalisation, on competition policy and on liberalisation of financial services. But further important decisions still need to be taken. For example, as yet only 60 per cent. of the measures contained in the original White Paper on the single market have been agreed at Community level. In the financial services field, the draft investment services directive is still under discussion and the associated capital adequacy directive has not yet been adopted by the Commission. Above all, we need to make more progress in reducing inflation here at home.
§ 27. Mr. Riddick
To ask the Chancellor of the Exchequer by what percentage(a) the French franc, (b) the Italian lira and (c) the pound sterling have been devalued against the deutschmark since the franc and lira joined the exchange rate mechanism.
§ 29. Mr. Simon Hughes
To ask the Chancellor of the Exchequer if he has reviewed his policy on United Kingdom membership of the exchange rate mechanism of the European monetary system; and if he will make a statement.
§ 41. Mr. Kirkwood
To ask the Chancellor of the Exchequer whether he has reviewed the Madrid conditions for full United Kingdom membership of the exchange rate mechanism of the European monetary system.309W
§ Mr. Ryder
I refer the hon. Member to the statement by my right hon. Friend the Chancellor of the Exchequer in the Budget debate, 26 March,Official Report, column 117.
§ Mr. Leighton
To ask the Chancellor of the Exchequer if he will explain the details and conditions of the Central bank swap arrangements in the exchange rate mechanism of the European monetary system.