Single European Currency

HC Deb 12 November 1996 vol 285 cc164-5W

Mr. Heathcoat-Amory

To ask the Chancellor of the Exchequer if he will estimate the cost to the United Kingdom of converting to a single European currency; and if he will list cost estimates for each major sector of commerce, industry, Government and the general public. [11]

Mrs. Angela Knight

The Government have not made any such estimates. The Government will take into account the potential costs of introducing the single currency when the facts are known and when they make their decisions on whether the United Kingdom should seek to participate in the single currency, at the appropriate time.