Part of the debate – in the House of Commons at 3:54 pm on 30 October 1996.
The right hon. Gentleman has said that it is his ambition to have a starting income tax rate of lop in the pound. He has not specified any parameters such as time scale, band width or whatever, but, in the most general sense, it is his ambition. Will he also say whether it is his ambition, again in the most general sense, without specifying any parameters, to have a single European currency?