Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 4:51 pm on 10th March 1999.

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Photo of Richard Burden Richard Burden Labour, Birmingham, Northfield 4:51 pm, 10th March 1999

The right hon. Gentleman referred to BMW and the high rate of sterling. It is true that the company has commented on that. Will he comment on the statement by Mr. Samann, the new BMW-appointed chair of Rover, who said: We do need some help from a more realistic level of sterling; a proper interest rate strategy and government fiscal policies can achieve that without inflating the economy. Early entry of the UK into the Euro would benefit all exporters"?