§ Sir Thomas ArnoldTo ask the Chancellor of the Exchequer what plans he has to set policy in the medium term by reference to the convergence criteria of the treaty of Maastricht.
§ Mr. NelsonThere is a long-established practice in the United Kingdom of setting economic policy in a medium term framework. The Government's economic strategy, as set out in the "Financial Statement and Budget Report", is based on the principles of low inflation, stable monetary conditions and sound public finances. The convergence criteria are designed to achieve the same objectives.