HC Deb 21 June 1982 vol 26 c13W
Mr. Joel Barnett

asked the Chancellor of the Exchequer what discussions he has had about the possibility of the United Kingdom joining the European monetary system; and if he will make a statement.

Sir Geoffrey Howe

The United Kingdom is already a member of the European monetary system. As I have made clear on many occasions the question of sterling's participation in the exchange rate mechanism is kept under review.