§ Lord Pearson of Rannochasked Her Majesty's Government:
Whether, if a referendum on the euro is called, the sterling/euro entry rate will be announced before the referendum takes place, or, if the result is in favour of joining the euro, afterwards. [HL6337]
§ Lord McIntosh of Haringey:These are important issues that would need to be considered in the event that the five economic tests were met and the Government made a decision to join EMU. The Government have said that they will only recommend joining a successful single currency if it is n the national economic interest and the economic benefits are clear and unambiguous.