HL Deb 06 December 2004 vol 667 c27WA
Lord Dykes

asked Her Majesty's Government:

Whether they will re-examine the prospects for United Kingdom admission to the European monetary system and the European Union single currency in the light of recent major changes in leading world currency rates. [HL78]

Lord McIntosh of Haringey

The 2004 Budget reported progress on the Government's reform agenda since the June 2003 assessment of the five economic tests. As the Chancellor said in his Budget speech, "while the Government do not propose a euro assessment be initiated at the time of this Budget, the Treasury will again review progress at Budget time next year and report to the House".

Back to