§ Mr. Lawsonasked the Chancellor of the Exchequer whether it is the intention of Her Majesty's Government that the exchange rate should not fluctuate by more than 2.25 per cent., around its central rate whether any undertakings were 148W given on this and related matters at the recent Brussels summit ; and, if so, whether he will indicate what those undertakings are.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 11th December 1978; Vol. 960, c. 48], gave the following answer:
Our policy for the exchange rate remains as set out in paragraph 34 of the Green Paper on the European monetary system. No further undertakings were given at the recent European summit.