§ Mr. SayeedTo ask the Chancellor of the Exchequer if he will estimate the capital contribution which Britain would have to make to the European Central Bank on joining the euro. [123043]
§ Miss Melanie JohnsonAs set out in Article 29 of the Statute of the European System of Central Banks and of the European Central Bank, each national central bank of participating member states contributes to the ECB's capital according to a weighting, based on their relative population and national income.
§ Mr. SayeedTo ask the Chancellor of the Exchequer what estimate he has made of the total conversion costs for business of switching from the pound to the euro. [123044]
§ Miss Melanie JohnsonThe level of costs would depend on the approach adopted by individual companies.