§ Mr. Deakinsasked the Chancellor of the Exchequer whether his studies of the implications for the British economy of economic and monetary union of the European Economic Community have 309W yet reached a stage which enables him to assess whether such unions would be beneficial to Great Britain.
§ Mr. HigginsHer Majesty's Government are in principle in favour of progress towards economic and monetary union in the enlarged European Economic Community, the aims of which are to effect a lasting improvement in welfare in the Community and reinforce the contribution of the Community to economic and monetary equilibrium in the world, with the achievement of satisfactory growth, a high level of employment and stability.
Proposals for particular moves towards economic and monetary union will be considered on their merits as they arise.