§ Mr. BercowTo ask the Prime Minister if he will make a statement on his policy towards paragraph 20 of Annex I of the Nice Presidency Conclusions; and if the paragraph applies to the UK. [144639]
§ Miss Melanie JohnsonI have been asked to reply.
Paragraph 20 of Annex I on the Nice Presidency Conclusions applies only to member states participating in Economic and Monetary Union. However, as stated in the pre-Budget report, one of the Government's key objectives is
to raise Britain's productivity performance and deliver stronger sustained growth in output and employment with low and stable levels of inflation and interest rates".