§ 15. Mr. BercowTo ask the Chancellor of the Exchequer if he will make a statement on the preparations needed for United Kingdom entry into the single European currency. [66531]
§ Ms HewittThe UK economy needs a period of stability and settled convergence before we could join the single currency. The Government are committed to a programme of economic reforms which are both in the national economic interest and which should help to deliver the stability needed to prepare us for membership.
In addition we will issue an outline National Changeover Plan early this year which will set out the practical steps that would need to be taken if the UK decides to join.