§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what implications the Stability and Growth Pact has for the conduct of UK fiscal policy; and if he will make a statement. [46400]
§ Mr. Darling[holding answer 18 June 1998]The Stability and Growth Pact does not place any new legal obligations on UK fiscal policy. UK fiscal policy is conducted with a view to ensuring economic stability which is in the best interests of the UK economy.