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The Euro

Volume 592: debated on Thursday 30 July 1998

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asked Her Majesty's Government:Whether they are planning to allocate any money to promote the euro in 1998–99 or in 1999–2000; and, if so, what is the projected budget; and [HL3120]Whether any European Union funding is being provided for the promotion of the euro in the United Kingdom either in 1998–99 or in 1999–2000: and, if so, what are the projected sums. [HL3121]

The Government's communication campaign on the euro is not aimed at promoting the euro but at ensuring that UK businesses are aware of the implications of the introduction of the single currency from 1 January 1999, and to provide them with the information they need.To this end, the Treasury Euro Preparations Unit has received Summer Supplementary Estimate provision of £7.5 million to help raise business awareness of the implications of the launch of the euro, and to provide business with practical help during 1998–99. No expenditure has been authorised beyond this.To date the Commission has agreed to provide £21,000 from the Community funds towards the costs of the publication and distribution of the Treasury booklet "EMU: Practical Information for Business", published last July. We will continue to talk to the Commission about the scope for further help with our campaign for raising business awareness for 1 January 1999.