§ Mr. MarlowTo ask the Chancellor of the Exchequer if he will make a statement on the conclusions reached at the recent ECOFIN meeting at S'Agaro.
§ Mr. Brooke[holding answer 6 June 1989]: My right hon. Friend the Chancellor of the Exchequer attended the informal meeting of European Community Finance Ministers in S'Agaro, Spain on 19 to 21 May. Ministers examined the report on economic and monetary union in the European Community as requested by the European Council at its meeting on 27 and 28 June 1988. It was not the intention of the discussion to reach conclusions. Ministers also had a further discussion of the approximation of indirect taxation and of proposals on taxation of savings including mutual assistance, which will be discussed again at a future ECOFIN Council.