BUSINESS for Sterling North West says the latest inward investment figures strengthen its campaign to keep the pound.

The statistics showed record-breaking foreign confidence in the UK.

And Business Sterling says that this backs the cause for Britain to keep control of its own economy and tax policies and shunning the Euro single currency experiment.

David Briggs, chairman of Business for Sterling North West, said: "With our currency and control of our own economy, we attracted a record £51 billion of foreign direct investment in the year after the launch of the Euro.

"We would lose economic control if we joined the Euro."

He added: "Policy would be decided by the European Central Bank with a "one size fits all" interest rate for every country, no matter what their individual national economic needs.

"Overseas investors are coming here because we have a modern economy, lower taxes and less enterprise-sapping regulations than mainland Europe. We are a magnet for inward investment."