HL Deb 05 July 2001 vol 626 c54WA
Lord Shore of Stepney

asked Her Majesty's Government:

What measures they propose to take to alleviate the damage to British industry caused by the weak exchange rate of the euro. [HL52]

Lord McIntosh of Haringey

The Government attach great importance to creating a positive environment for businesses to start, grow and succeed. The most fundamental contribution that the Government can make is through establishing a platform of economic stability. The Government achieved this by making major reforms to the macroeconomic framework in the last Parliament. The Government have also taken numerous steps to strengthen the environment for enterprise, innovation and competition more directly. The most recent measures were announced jointly on 18 June by the Chancellor of the Exchequer, the Secretary of State for Trade and Industry and the Secretary of State for Education and Skills.