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Economic and Monetary Union

Volume 485: debated on Thursday 18 December 2008

To ask the Secretary of State for Foreign and Commonwealth Affairs when his Department's officials last discussed the UK's prospective membership of the euro with the European Commission; and if he will make a statement. (242306)

I will write to the right hon. Member shortly.

Substantive answer from David Miliband to William Hague:

The Government's policy on membership of the singly currency is unchanged. It remains as set out by my right. hon. Friend, the then Chancellor of the Exchequer, Gordon Brown, in his statement to the House in October 1997, and again in his statement on the five test assessment in June 2003. My right hon. Friend the Chancellor of the Exchequer announced in the 2008 Budget that, "the Government does not propose euro assessment to be initiated at the time of this budget". The Treasury will again review the situation at Budget time next year as required by the June 2003 statement.