HC Deb 27 January 2003 vol 398 cc607-8W
Mr. Allen

To ask the Chancellor of the Exchequer how he proposes, within the assessment of the five economic tests, to verify whether present and planned levels of public expenditure could be maintained if the UK were to join the Euro. [93117]

Ruth Kelly

A comprehensive and rigorous assessment of the Five Economic Tests will be completed within two years of the start of this Parliament.

The Government remains fully committed to its plans for public spending. These plans provide a much needed boost to public investment in key public services including schools, hospitals and transport, redressing years of under-investment, while maintaining economic stability.

Mr. Allen

To ask the Chancellor of the Exchequer what assessment was made by HM Treasury of the economic consequences of joining the euro in the first wave; and if he will publish it. [93118]

Ruth Kelly

"UK Membership of the Single Currency: An Assessment of the Five Economic Tests" was published by HM Treasury in October 1997. A copy can be found in the Library, and is also available on the HM Treasury website.