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Euro

Volume 690: debated on Tuesday 27 March 2007

asked Her Majesty's Government:

What are the current trends in the economy that prevent the United Kingdom joining the euro-zone. [HL2734]

The Government's policy on membership of the single currency is unchanged. It 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.