§ Mr. Arnoldasked the Chancellor of the Exchequer what recent consideration he has given to the United Kingdom joining the European monetary system.
§ Mr. Bruce-GardyneThe question of sterling's participation in the European monetary system's exchange rate mechanism is kept under review. As my right hon. and learned Friend told the House on 19 January, there is little in recent events to suggest that the conditions at present exist in which such participation would be appropriate.—[Vol. 35, c. 362.]