§ 37. Mrs. Ray MichieTo ask the Chancellor of the Exchequer what recent discussions he has had on the exchange rate mechanism of the European monetary system.
§ Mr. LilleyThe United Kingdom will join the exchange rate mechanism during the so-called "stage 1" of economic 423W and monetary union which my right hon. Friend discussed at the meeting of Community Economic and Finance Ministers in Brussels on 13 November.
§ 46. Mr. FearnTo ask the Chancellor of the Exchequer when he expects the United Kingdom to enter the exchange rate mechanism of the European monetary system; and if he will make a statement.
§ 75. Mr. Tim SmithTo ask the Chancellor of the Exchequer when he expects the conditions for British entry to the exchange rate mechanism of the European monetary system to be met.
§ Mr. LilleyThe United Kingdom will enter the exchange rate mechanism of the European monetary system during the so-called stage 1 of economic and monetary union which begins on 1 July 1990.
§ 66. Mr. KennedyTo ask the Chancellor of the Exchequer if he will commission a study to assess the influence upon United Kingdom interest rates of the early entry of sterling into the exchange rate mechanism of the European monetary system; and if he will make a statement.
§ Mr. LilleyAs my right hon. Friend has made clear, membership of the exchange rate mechanism does not insulate a country from high interest rates.