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Economic And Monetary Union

Volume 406: debated on Thursday 5 June 2003

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In considering the precise release arrangements for the documents supporting the decision on the single currency, the Government have been guided by two key principles: first, the legitimate right of Members of Parliament to have as much of the relevant background material as possible ahead of the Chancellor of the Exchequer's statement to the House of Commons on Monday 9 June, as recognised by the recommendation of the Treasury Committee that the eighteen supporting studies be published ahead of the assessment; and second, the need to take into account market sensitive information. The Government have sought to strike a balance between these two potentially conflicting objectives. In doing so, the Government have decided on the following arrangements for releasing the EMU documentation which accompanies the Chancellor's statement to the House on 9 June.The Treasury assessment of the five economic tests and third outline national changeover plan will be available from the Vote Office immediately after the Chancellor has completed his statement. The eighteen EMU studies which accompany the assessment will be available from the Vote Office at 9.00 am on 9 June.All the material will be accessible on the Treasury website at the same time as it is released to the House. The Treasury will notify media organisations of the precise arrangements for them for the collection of the documents.