Economic and Monetary Union
§ Mr. Eric Clarke
To ask the Chancellor of the Exchequer if he will make a statement on the timetable for EMU. 
§ Mr. Kenneth Clarke
The EC Treaty sets out the timetable for EMU. As I have said before—to the House of Lords Select Committee on 28 March 1996—it is too soon to say whether EMU will start on 1 January 1999, but member states will continue to prepare on that basis.