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Volume 704: debated on Wednesday 29 October 2008

asked Her Majesty's Government:

Whether the level of public sector debt alters their considerations about whether to apply to join the euro. [HL5821]

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.