asked Her Majesty's Government:

Whether the United Kingdom will adopt the euro as its currency, in light of the decision by the Government of the Republic of Cyprus to join the Eurozone on 1 January 2008; and, if so, when.[HL112]

The Government’s policy on membership of the single currency remains as set out by the Chancellor in his Statement to the House of Commons in October 1997, and again in the Chancellor’s Statement on the five tests assessment in June 2003.