§ Lord Harrisonasked Her Majesty's Government:
What will be the positive and negative effects over the next decade on the British automobile industry of the advent of the euro, whether or not the United Kingdom adopts the euro. [HL1542]
§ The Minister for Science, Department of Trade and Industry (Lord Sainsbury of Turville)The launch of the euro in eleven European (EU) countries has major implications for UK firms of all sizes across a number of business sectors, including the automotive sector.
That is why the Government have established the Euro Preparations Unit (EPU). Since its inception in December 1997, EPU has run a major business information campaign on the euro and published euro fact sheets and case studies, which help small and medium sized enterprises to take account of the euro now that it is a business reality. Further information can be found in the Treasury's regular euro progress reports, the most recent of which was published in November 1999. Copies of these reports are available in the Library of the House.