8. Where, as a result of the adoption of the euro by a member State—
(a)there is a change in the variable rate of interest resulting in a change in the variable rate payment specified in a contract (“the original contract”) in accordance with subsection (2) of section 149 of the Finance Act 1994, and
(b)the change in the variable rate payment is such as to result in the rescission of the original contract and the making of a new contract,
the new contract shall be treated for the purposes of that section as if it were the same contract as the original contract, made when the original contract was made.