Britain outside the monetary system
O’Leary asked whether the White Paper would address the consequences if Britain did not join. The Minister said the debate would cover that possibility but could not yet specify the paper’s contents.
Will the White Paper set out the options that will arise for us? Will it put forward the position that will arise if, for example, Britain does not join in the new monetary arrangements? It would be foolish for us to assume that Britain is taking a direction one way or another. Will the White Paper address itself to that question? What will we do in those circumstances?