ref date:23 Oct 1997 (EU)
Blair stumbling over EMU
THE Prime Minister was booed and jeered by
financial traders in the City yesterday over the
Government's handling of the single currency
The hostile reception as Tony Blair walked on one
trading floor . Pressure is growing for the
Chancellor, Gordon Brown, to make an early
statement next week clarifying Britain's position
on European Monetary Union.
Treasury sources would not comment on when he would make his statement to the
Commons, but the Government does not want the return of the Commons to be
dominated by the single currency issue.
Again Labour like Tory before them is adrift in a sea of doubt
about giving up their precious pound. You'd think their souls depended
on it. Meanwhile real businessmen languish with currency exchange
rip-offs that sap their profits.
And of course currency dealers have no axe to grind.... what would they do
when Europe had one currency?