§ Mr. David AtkinsonTo ask the Chancellor of the Exchequer what steps the Bank of England is taking to ensure the single currency compliancy of its computer systems, and those with which they are connected; what is its budget for this purpose; and if he will make a statement. [6661]
§ Mrs. Angela KnightThe Bank of England's computer systems will be affected by the introduction of the euro whether or not the United Kingdom adopts the single currency. Work to assess the implications and to ensure preparedness started some time ago. The bank is also liaising with the Association for Payment Clearing Services, which oversees the banking payments systems, and with the commercial banks. No separate budget has yet been set for this process.