Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 28th June 1988.

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Photo of Mr David Steel Mr David Steel Joint Leader, Social & Liberal Democrats, Leader of the Liberal Party, Joint Founder, Social & Liberal Democrats 12:00 am, 28th June 1988

Since the high value of the pound, aided by runaway easy credit, sucks in imports and worsens our balance of payments crisis, why, even today, does the Prime Minister continue to resist seeking exchange rate stability through joining the European monetary system? Will the Leader of the House explain the contrast between the Prime Minister's resistance to that and her tactless enthusiasm in the Canadian House of Commons last week for Canada to join an economic unit with its larger, single neighbour?