Kelvin Hopkins
Main Page: Kelvin Hopkins (Independent - Luton North)Department Debates - View all Kelvin Hopkins's debates with the HM Treasury
(12 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I only have the figures for the Treasury, but of course other Departments were also embarked on that Labour scheme. The Treasury spent £5 million on the civil servants required for the euro preparations unit, and that for example would pay for 17 nurses and five consultants. I guess, given that the Labour leader is committed to joining the euro, the unit would be re-established.
Kelvin Hopkins (Luton North) (Lab)
The Chancellor will have seen that the euro fell significantly deeper into crisis yesterday. Is the Treasury making contingency plans for the abandonment of the euro and the creation of national currencies?
Mr Osborne
As I have said previously in the House, the Treasury does make contingency plans for whatever the world economy and, indeed, the European economy throw at it, but I will not spell them out in detail.