HC Deb 13 November 1989 vol 160 c6W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer whether he has prepared any estimate of the rate of the exchange against the D-mark at which it would be possible to join the ERM of the EMS to combine an acceptable rate of economic growth with balance of payments equilibrium.

Mr. Lilley

I refer the hon. Gentleman to my right hon. Friend the Chancellor's statement in the House on 2 November at column 490 which set out the factors that will determine when the United Kingdom will join the exchange rate mechanism.