Oral Answers to Questions — Court of Session and High Court of Justiciary

Part of the debate – in the House of Commons at 12:00 am on 14th March 1979.

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Photo of Mr James Callaghan Mr James Callaghan The Prime Minister, Leader of the Labour Party, Member, Labour Party National Executive Committee 12:00 am, 14th March 1979

It is just as well for Europe that we did not join, or we might have been dragging them all up—such is the strength of the pound at present. I believe that the European monetary system will have a long-term, healthy and viable life only if there is more convergence in the economies. It is to that that we should be directing our attention and are now doing.