§ Mr. MitchellTo ask the Chancellor of the Exchequer what representations he plans to make to the Euro-X Committee on the management of the Euro; and what assessment he has made of the effects of(a) a soft and (b) a hard Euro on sterling. [33807]
§ Mrs. LiddellThe Chancellor of the Exchequer regularly attends meetings of the ECOFIN Council which is the only decision making body on EU economic coordination.
The Government want to see a stable and competitive pound over the medium term, consistent with their objective of price stability. Government policy is designed to achieve low inflation and sound public finances which are necessary conditions for sustained exchange rate stability.