Euro (Hansard, 15 June 1998)

§ Mr. Jenkins
To ask the Chancellor of the Exchequer what assessment he has made of the impact on the London Stock Exchange of the United Kingdom staying out of the euro. [45526]
107W

§ Mrs. Liddell
The London Stock Exchange is well-prepared for the introduction of the euro next year. It has completed its analysis of responses to its consultation paper "Economic and Monetary Union: proposals for the equity markets" (published 20 February). Its ensuing proposals to ensure that UK equity markets are fully ready for EMU and able to support the euro as a trading currency from 4 January 1999 are set out in the Bank of England publication "Practical Issues arising from the introduction of the euro" published 11 June 1998. The Exchange will provide facilities to list and trade debt in euro from the same date.

§ Mr. Bercow
To ask the Chancellor of the Exchequer if he plans to publish the six-monthly reports on preparations for joining EMU; when the first such report is due; and if he will make a statement on the outline national changeover plan. [45303]

§ Mrs. Liddell
The first six-monthly report on the state of preparations for the euro will be published in early July. It will focus in particular on the preparations in the United Kingdom for the launch of the euro in other Member States on 1 January 1999.
The Standing Committee on preparations for EMU has agreed that the Government should compile an outline national changeover plan setting out the steps that the United Kingdom would need to take if we were to decide to join the euro. We will publish this outline plan around the end of the year. The outline plan will be compiled with the help of representatives from business and public authorities.

Title Chairman Date

Fundamental expenditure review of the Treasury Sir Colin Southgate 6 June 1994

The Board of Banking Supervision inquiry into the circumstances of the collapse of Barings Sir Alan Hardcastle 27 February 1995

Market testing the Treasury's micro economic forecasting function KPMG Management Consulting 7 January 1997

Review of the Private Finance Initiative Mr. Malcolm Bates 8 May 1997

Government task force on tax and benefits Mr. Martin Taylor 19 May 1997

Reform of the financial regulatory system Mr. Andrew Large 20May 1997

Welfare to work advisory taskforce Sir Peter Davis 5 June 1997

Working group on financing high technology companies (i) Dr. Keith McCullagh 25 November 1997

(ii) Dr. Peter Williams

Government taskforce on the industrial use of energy Sir Colin Marshall 17 March 1998

Title	Chairman	Date
Fundamental expenditure review of the Treasury	Sir Colin Southgate	6 June 1994
The Board of Banking Supervision inquiry into the circumstances of the collapse of Barings	Sir Alan Hardcastle	27 February 1995
Market testing the Treasury's micro economic forecasting function	KPMG Management Consulting	7 January 1997
Review of the Private Finance Initiative	Mr. Malcolm Bates	8 May 1997
Government task force on tax and benefits	Mr. Martin Taylor	19 May 1997
Reform of the financial regulatory system	Mr. Andrew Large	20May 1997
Welfare to work advisory taskforce	Sir Peter Davis	5 June 1997
Working group on financing high technology companies	(i) Dr. Keith McCullagh	25 November 1997
	(ii) Dr. Peter Williams
Government taskforce on the industrial use of energy	Sir Colin Marshall	17 March 1998