Single Currency

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 20th July 2000.

Alert me about debates like this

Photo of Gordon Brown Gordon Brown The Chancellor of the Exchequer 12:00 am, 20th July 2000

The unfortunate thing about the position taken by the hon. Gentleman is that he would rush into joining the euro without making a proper assessment of the economic tests. I believe that it is in the national economic interest, when a serious decision such as this is being taken, to do it properly by examining all the economic issues. The economic tests affect employment, investment and every individual sector of the economy. They also affect the flexibility of the economy and the durability of convergence. I would have thought that, if the Liberal Democrats were concerned about the future of the economy, they would want us to take exactly that approach. That is what we shall do.