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European Monetary System

Volume 167: debated on Wednesday 14 February 1990

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To ask the Chancellor of the Exchequer what recent representations he has received about sterling's participation in the exchange rate mechanism of the European monetary system.

To ask the Chancellor of the Exchequer if he will make a further statement on the prospects of the United Kingdom seeking to place sterling within the exchange rate mechanism of the European monetary system.

The Government have made it clear that the United Kingdom will join the exchange rate mechanism of the EMS during stage 1 of the Delors plan. The conditions for entry were set out following the Madrid summit.