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Finance Act 2004
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- 2004 c. 12
- Part 8
- Section 324
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Version Superseded: 01/08/2012
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324Government borrowing: preparations for possible adoption of EuroU.K.
(1)The Treasury may incur expenditure with a view to securing that they would be able to exercise their functions under sections 12 to 20A of (and Schedule 5A to) the National Loans Act 1968 (c. 13) (national debt and government accounting) if the United Kingdom were to adopt the single currency in accordance with the Treaty establishing the European Communities.
(2)The Director of Savings may incur expenditure with a view to securing that he would be able to exercise his functions if the United Kingdom were to adopt the single currency in accordance with the Treaty establishing the European Communities.
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