HC Deb 27 November 1981 vol 13 c496W
Mr. Teddy Taylor

asked the Chancellor of the Exchequer to what extent he considers a decision by the United Kingdom to join the European monetary system exchange rate mechanism would have a significant effect on the freedom of Her Majesty's Government to carry out the economic management of the United Kingdom; and if he will make a statement.

Mr. Ridley

I shall let my hon. Friend have a reply as soon as possible.

Mr. Teddy Taylor

asked the Chancellor of the Exchequer if membership of the European monetary system exchange rate mechanism would prevent or otherwise influence decisions by the United Kingdom Government to seek to increase or decrease the exchange rate or if such decisions would require the consent of other members of the European monetary system.

Mr. Ridley

I shall let my hon. Friend have a reply as soon as possible.