§ Mr. SoamesTo ask the Chancellor of the Duchy of Lancaster what assessment he has made of the advantages which would accrue to British industry by virtue of United Kingdom membership of the European monetary system.
§ Mr. Lilley[holding answer 5 May 1989]: I have been asked to reply.
I refer my hon. Friend to the speech which my right hon. Friend the Chancellor of the Exchequer made to the Royal Institute of International Affairs at Chatham house on 25 January and to the answer I gave to my hon. Friend the Member for Holland with Boston (Sir R. Body) on 20 January 1989 at column 358.