HC Deb 24 January 2002 vol 378 cc981-2W
23. Mr. Boswell

To ask the Chancellor of the Exchequer what recent analysis he has conducted into the economic implications of euro membership for the United Kingdom. [27575]

Ruth Kelly

The Government have said that they will complete an assessment of the five economic tests within two years of the start of this Parliament.

24. Mr. Connarty

To ask the Chancellor of the Exchequer what mechanisms he has put in place to monitor the impact of the euro-zone economies on the UK economy. [27576]

Ruth Kelly

The impact of the euro-zone economies on the UK economy is monitored as part of the Treasury's regular forecast rounds. Further information can be found in the Treasury's pre-Budget and Budget reports.

31. Mr. Andrew Turner

To ask the Chancellor of the Exchequer when he last discussed convergence criteria with the Governor of the Bank of England. [27583]

Ruth Kelly

The Chancellor meets regularly with the Governor of the Bank of England to discuss a range of issues.

33. Adam Price

To ask the Chancellor of the Exchequer if he will take action to ensure a downward revision of the exchange rate of sterling against the euro. [27585]

Ruth Kelly

While the Government do not have an exchange rate target, a stable and competitive pound is sought over the medium-term. The key to a stable and competitive pound is low and stable inflation, backed up by sound public finances.

37. Mr. Robathan

To ask the Chancellor of the Exchequer what recent discussions he has had with ministerial colleagues on his five economic tests for joining the euro. [27590]

Ruth Kelly

The Chancellor has discussions with Cabinet colleagues on a regular basis, and on a wide range of issues.

Mike Gapes

To ask the Chancellor of the Exchequer what assessment he has made of the impact of the introduction of euro notes and coins on the British economy. [27568]

Ruth Kelly

UK businesses that have trading links with the euro area, not just those who export or import, will be affected. The Government are therefore committed to working with business to secure the right level of euro preparations in the UK for working with the euro now.