The Government's policy on membership of the single currency remains as set out in my right hon. Friend the then Chancellor of the Exchequer's statement on the five tests assessment in June 2003. In principle, the Government are in favour of UK membership; in practice the economic conditions must be right. The determining factor is the national economic interests and whether, on the basis of an assessment of the five economic tests, the economic case for joining is clear and unambiguous. Euro Ministers are responsible for Euro preparations in their Department and attend Euro Ministers Steering Group meetings as necessary. However, meetings are held only when necessary to discuss practical preparations to ensure that a smooth changeover would occur if and when the five tests had been met.