§ 28 Mr. LivingstoneTo ask the President of the Board of Trade what assessment he has made of the consequences of Britain joining a common European currency with a level of investment as a proportion of gross domestic product lower than that of the other participating nations. [28387]
§ Mr. LangWe will agree to take part in a single currency only if it is in our national interest to do so, given the circumstances at the time. A full assessment of the benefits and disadvantages will be carried out nearer the time, before the decision is made.
Since 1979 business investment in the United Kingdom has risen by over a third and has been a greater share of GDP than in the other major EU countries.