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Exchange Control

Volume 942: debated on Tuesday 17 January 1978

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asked the Chancellor of the Exchequer if he will make a statement about the maintenance of exchange control restrictions on capital movements within the EEC.

The United Kingdom has been authorised under Article 108 of the EEC Treaty to maintain the restrictions existing after certain changes in our rules made with effect from 1st January 1978, which were announced as soon as the necessary discussions with the Commission were completed. Copies of the Treasury Press notice of 21st December 1977 containing the announcement have been placed in the Library.