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6 Oct 2003 : Column 1088W—continued

Economic and Monetary Union

Mr. Heathcoat-Amory: To ask the Chancellor of the Exchequer pursuant to his statement of 9 June 2003, Official Report, column 415, on EMU, what the (a) composition and (b) remit is of the euro preparation committees in (i) Scotland, (ii) Wales and (iii) Northern Ireland. [131270]

Ruth Kelly: The composition and remits of the Euro Preparations Committees for Scotland, Wales and Northern Ireland are set out as follows:

(i) Scotland Euro Preparations Committee

(a) Composition


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(b) Remit

The Chancellor of the Exchequer proposed that Scotland should have its own Committee to oversee Scottish preparations for potential future UK entry into Economic and Monetary Union and to provide advice and input to the work of the UK National Standing Committee on the Euro.

The chairman of the Committee is the Secretary of State for Scotland and its work is being taken forward in partnership with the First Minister of the Scottish Executive.

Scottish Executive and Scotland Office Ministers also attend both the Committee of Devolved Euro Ministers and Euro Ministers meetings, which oversee public sector preparations.

As a devolved Administration the Scottish Executive is responsible for euro preparations within its own remit, but it is also responsible for overseeing preparations in other sectors in Scotland.

The role of the Scottish Euro Preparations Committee is to:


(ii) Wales Euro Preparations Committee

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(a) Composition


(b) Terms of reference

The Chancellor proposed that Wales should have its own Committee to oversee Welsh preparations for potential future UK entry into Economic and Monetary Union.

The Secretary of State for Wales is taking this work forward in partnership with the First Minister of the Assembly, who has responsibility for euro preparations in policy areas under the Assembly's control.

The role of the Wales Euro Preparations Committee is to:


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(a) Composition


The Chancellor proposed that Northern Ireland should have its own Committee to oversee local preparations for potential future UK entry into Economic and Monetary Union.

This work is being taken forward by the Secretary of State for Northern Ireland under Direct Rule and, on the restoration of Devolution, in partnership with the First Minister and Deputy First Minister of the Assembly, who will have responsibility for euro preparations in policy areas under the Assembly's control.

The role of the Northern Ireland Euro Preparations Committee is to:


Mr. Heathcoat-Amory: To ask the Chancellor of the Exchequer pursuant to his statement of 9 June, Official Report, column 415, on EMU, if he will list the locations

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of events to disseminate information and promote discussion which (a) have been held and (b) are planned, broken down by constituency. [131271]

Ruth Kelly: The Treasury continues to work closely with key stakeholders across the country/UK on practical preparations for potential future UK entry into Economic and Monetary Union.

New members have joined the Chancellor's Standing Committee from the Local Government Association, regional development associations, citizens advice and the National Council for Voluntary Organisations. New preparation committees in Scotland, Wales and Northern Ireland have been set up to oversee local preparations for potential future UK entry into Economic and Monetary Union.

Euro

Mr. Stephen O'Brien: To ask the Chancellor of the Exchequer (1) what assessment he has made of the rate of economic growth in the eurozone since 1999; and if he will make a statement; [131378]

Ruth Kelly: The Treasury's latest assessment of developments in and prospects for the euro area economy is set out in the April 2003 Financial Statement and Budget Report (HC 500).

Mr. Stephen O'Brien: To ask the Chancellor of the Exchequer what assessment he has made of the effect upon the UK economy of the interest rate most recently set by the European Central Bank; and if he will make a statement. [131380]

Ruth Kelly: A full assessment of the importance of euro area developments for the UK economy was given in "UK membership of the single currency: an assessment of the five economic tests", published on 9 June (CM 5776).


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