§ Mr. GibbTo ask the Chancellor of the Exchequer if he will make a statement on the change in the value of the euro against sterling since January. [84084]
§ Ms HewittThe Government's objective is for a stable and competitive pound in the medium term, consistent with the objective of price stability. The Government believe sound fundamentals are what matters for exchange rate stability. The Government's new macroeconomic framework is aimed at achieving sustained growth, sound public finances and low inflation, which should also promote exchange rate stability.