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Euro

Volume 400: debated on Monday 3 March 2003

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To ask the Chancellor of the Exchequer what recent discussions on the single European currency there have been during meetings between Government officials and representatives of the Isle of Man. [99753]

I refer the hon. Gentleman to the answer given by the Chancellor of the Exchequer on 11 February 2002, columns 104–05W.

To ask the Chancellor of the Exchequer (1) if he will make a statement on the implications of the report "Meeting the Challenge: Economic Reform in Europe" for the likelihood of entry to the euro; [100096](2) whether UK entry to the euro is conditional upon economic reform in Europe. [100095]

The determining factor underpinning any Government decision on membership of the single currency is the national economic interest and whether the economic case for joining is clear and unambiguous. A comprehensive and rigorous assessment of the five economic tests will be made within two years of the start of this Parliament.