HC Deb 15 December 1970 vol 808 cc272-3W
9. Mr. Stainton

asked the Chancellor of the Exchequer if he will take steps to reduce the permitted range of fluctuations between the £ sterling and the currencies of the European Economic Community.

Mr. Barber

No.

33. Mr. Deakins

asked the Chancellor of the Exchequer what assessment Her Majesty's Government have made of the implications for the United Kingdom economy of the proposals for economic and monetary union put forward by the Commission of the European Economic Community.

Mr. Barber

We are studying the Commission's proposals and the development of views about them in E.E.C. countries.

44. Mr. Raphael Tuck

asked the Chancellor of the Exchequer if he will make a statement on the Government's policy regarding a common currency and a Federal Decision Centre in the light of the Werner Committee of the Common Market, a copy of which is in his possession.

63. Mr. Jay

asked the Chancellor of the Exchequer what is the Government's policy towards the proposals of the Werner Committee on the European Economic Community for currency union within the Community by 1980.

Mr. Barber

Her Majesty's Government welcome the Community's moves towards closer economic and monetary union.

49. Mr. English

asked the Chancellor of the Exchequer what estimate he has made of the effect of British entry into the European Economic Community on his policy of reducing direct taxation.

Mr. Barber

Entry into the E.E.C. would accord well with the taxation policy of the Government. The rates of direct taxation in the E.E.C. are generally lower than those in Britain.

62. Mr. Jay

asked the Chancellor of the Exchequer whether the Government have accepted the proposals of the European Economic Community for more rigidly fixed exchange rates between members of the Community.

Mr. Barber

I have made it clear that if the United Kingdom joins the Community, we shall conform to whatever collective decisions have by then been taken about exchange rate margins within the Community.

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