WHILE raising taxes on pension funds and motorists, the Government is happy to spend more than £7 million on promoting the unwanted Euro to firms and individuals.
About 90 per cent of our trade is concentrated within Britain or with countries that will not be joining the Single European Currency next year.
Yet, the official message insinuates that unless we get on the 'Euro' bandwagon, our businesses will produce a "pathetic performance."
Given that Britain trades profitably with every continent apart from Europe, that is quite a slap in the face.
There are also issues that the spin doctors would rather play down. These range from the cost and disruption in abolishing the pound to the loss of control over our economy.
Most important of all is that if it doesn't work out, there is no way out. (This also seems to be ignored in William Hague's plans).
Readers wanting a more balanced view should send a SAE for our free fact sheet.
LYNN RILEY, New Alliance, PO Box 13199, London SW6 6ZU.
Converted for the new archive on 14 July 2000. Some images and formatting may have been lost in the conversion.
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