§ Mr. LawsTo ask the Chancellor of the Exchequer (1) if his Department has completed the preliminary technical work relating to the five economic tests of the euro; and if he will make a statement; [92080]
(2) if he will list the studies commissioned on the five economic tests for the euro, stating in each case whether each (a) has been completed, (b) is under way and (c) has yet to be started; and if he will make a statement. [92081]
§ Ruth KellyThe preliminary analysis supporting the five tests assessment—technical work needed to enable the assessment to be completed within two years of the start of the Parliament—is well under way.
The "Paper for the Treasury Committee on the Treasury's Approach to the Preliminary and Technical Work" published on 6 September 2002 set out a number of supporting studies that will be published alongside the assessment of the five economic tests. Further detail can be found in the 6 September Paper.
410Wtaken until the responses to the document have been analysed. In the meantime, software development will not begin.