Written question asked by Lord Redwood (Conservative) on Tuesday, 26 June 2001, in the House of Commons. It was due for an answer on Tuesday, 3 July 2001. It was answered by Lord Boateng (Labour) on Tuesday, 3 July 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of jobs which would be lost in currency dealing in the City of London if the pound were abolished.

Answer: Mr. Redwood: To ask the Chancellor of the Exchequer what estimate he has made of the number of jobs which would be lost in currency dealing in the City of London if the pound were abolished. [1612] Mr. Boateng: The determining factor underpinning any Government decision on membership of the single currency is the national economic interest. The Government has said that the Treasury will complete an assessment of the five tests within two years of the start of this Parliament.

Secondary information

Type: Written question
Reference: 1612; 371 c126-7W
Session: 2001-02
Subjects: City of London Currency speculation Economic and monetary union Staff Redundancy Sterling
Link: View this Written question on www.publications.parliament.uk