§ Mr. Teddy TaylorTo ask the Chancellor of the Exchequer if he will make a statement setting out the nature of his obligations to consult European Community institutions or bodies on financial and monetary policy inherent in his budget strategy; what additional requirements are set out in the report of Mr. Jacques Delors which was presented to the Madrid meeting of the European Council; and if he will make a further statement setting out Her Majesty's Government's policy on such consultations.
§ Mr. RyderMy right hon. Friend has regular discussions with his EC Finance Minister colleagues, on a wide range of economic and monetary matters, at meetings of the Economic and Finance Council. The Prime Minister set out the Government's views on the proposals made in the report of Mr. Delors in her statement to the House on 29 June on the outcome of the European Council in Madrid on 26 and 27 June—Official Report, columns 1107–22.