§ Mr. MitchellTo ask the Chancellor of the Exchequer what commitments have been made by the UK to the EU convergence programme; how far these have been220W breached; and what contributions they have made to ensuring more stability in the Sterling-Euro exchange rate. [124350]
§ Miss Melanie JohnsonIn line with the Stability and Growth Pact, the Government submit a Convergence Programme to the European Commission and the Council, which provides an annual update of our economic performance. The economic forecasts and fiscal projections for the 1999 Convergence Programme are those given in the Pre-Budget Report.