HC Deb 06 November 1972 vol 845 c70W
Mr. Deakins

asked the Chancellor of the Exchequer under what British or Common Market legislation obligations will be incurred as a result of the commitment to Common Market economic and monetary union.

Mr. Nott

As regards the United Kingdom, the necessary legislation exists in a number of Statutes, including the European Communities Act, 1972. Further legislation will be introduced as and when required. As regards the Communities, the obligations so far incurred are set out in the Council Resolutions of 22nd March, 1971, and 21st March, 1972. Further measures may need to be taken under the various dispositions of the Treaties, including Article 235 of the EEC Treaty.

Mr. Deakins

asked the Chancellor of the Exchequer by what statutory authority the Government is committed to Common Market economic and monetary union.

Mr. Nott

None.

Mr. Deakins

asked the Chancellor of the Exchequer what British or Common Market legislative obligations will be incurred as a result of the commitment to Common Market economic and monetary union.

Mr. Nott

It depends on how progress in this direction develops.