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Economic and Monetary Union

Volume 487: debated on Tuesday 3 February 2009

To ask the Secretary of State for Innovation, Universities and Skills with reference to the answer of 15 September 2008, Official Report, column 2047W, on economic and monetary union, whether the review and update of his Department's euro changeover plan has been completed; and if he will place in the Library a copy of the most recent version. (250037)

The Department has relied on the euro changeover plans of the Department for Business, Enterprise and Regulatory Reform and the Department for Children, Schools and Families until now. These arrangements will remain in place until 31 March 2010, when the Department will transfer to a new shared service operator.

As part of the Department's work to establish and agree the delivery of corporate systems with a new shared service operator this issue will be addressed. A copy of the completed document will be placed in the Library when this work is completed.

The National Weights and Measures Laboratory provided information to the former Department of Trade and Industry (DTI) in October 2004 and this formed part of their euro preparations. A more detailed plan was performed in March 2000 which formed part of HM Treasury euro changeover plan.

The UK Intellectual Property Office last updated its euro conversion plan in September 2004 and it formed part of the former DTI overall plan. The plan has not been published, given the time that has lapsed, while the principles are still relevant the legislation, IT systems and costs referred to are significantly out of date and publication would be of little value.