HC Deb 10 December 1997 vol 302 cc574-5W
Mr. Sayeed

To ask the Chancellor of the Exchequer what assessment he has made of the impact of the United Kingdom joining EMU on funds invested in private pension provision in the United Kingdom. [18988]

Mr. Denham

I have been asked to reply.

My right hon. Friend, the Chancellor of the Exchequer, made it clear in his statement of 27 October that, whether the UK is in or out of EMU, the Government's assessment is that the financial services industry, including the pensions industry, has the potential to thrive as long as it is properly prepared.