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12/05/2003
Cabinet euro debate heats up
Cabinet splits over the euro have been exposed again today as debate rages on over the polling date for a single currency referendum.
The Leader of the House of Commons, John Reid, said on national television yesterday that the debate was not whether Britain would join the euro - but “when”.
Mr Reid’s remarks on the euro issue are sure to infuriate the chancellor Gordon Brown, who has always preferred “if” to “when” on the prospect of joining the single currency.
The comments came the day before a letter signed by 25 business leaders was handed in to Downing Street on Monday in a bid to up the ante and put pressure on a divided government.
Among the co-signatories of the letter are Vodophone’s Chief Executive, Chris Gent, BP Chairman, Peter Sutherland, and a former Treasury minister, Lord Simon.
The letter spells out that by not choosing to join the single currency, foreign investment will be hit and the overall damage to the economy could be long-reaching. And adding insult to possible injury, among the signatories are some high profile Labour benefactors.
The latest round of Treasury discussions and reports will culminate in a report due to be published in early June. The report, yet another economic assessment of the impact of euro-zone membership, is thought unlikely to be too favourable and consequently will leave plenty of scope for Mr Blair and Mr Brown to prevaricate further.
Recent comments from Scottish Secretary Helen Liddell are not thought to have gone down well. Ms Liddell said that a sixth test, one of the cost of not entering the euro, should be applied.
(SP)
The Leader of the House of Commons, John Reid, said on national television yesterday that the debate was not whether Britain would join the euro - but “when”.
Mr Reid’s remarks on the euro issue are sure to infuriate the chancellor Gordon Brown, who has always preferred “if” to “when” on the prospect of joining the single currency.
The comments came the day before a letter signed by 25 business leaders was handed in to Downing Street on Monday in a bid to up the ante and put pressure on a divided government.
Among the co-signatories of the letter are Vodophone’s Chief Executive, Chris Gent, BP Chairman, Peter Sutherland, and a former Treasury minister, Lord Simon.
The letter spells out that by not choosing to join the single currency, foreign investment will be hit and the overall damage to the economy could be long-reaching. And adding insult to possible injury, among the signatories are some high profile Labour benefactors.
The latest round of Treasury discussions and reports will culminate in a report due to be published in early June. The report, yet another economic assessment of the impact of euro-zone membership, is thought unlikely to be too favourable and consequently will leave plenty of scope for Mr Blair and Mr Brown to prevaricate further.
Recent comments from Scottish Secretary Helen Liddell are not thought to have gone down well. Ms Liddell said that a sixth test, one of the cost of not entering the euro, should be applied.
(SP)
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22 July 2004
UK car prices see 'sharp rise'
The average price for a new car in the UK has seen a "sharp rise" of 5.4% over the last 12 months, according to the PricewaterhouseCoopers and eurocarprice.com Index of New Car Prices.
UK car prices see 'sharp rise'
The average price for a new car in the UK has seen a "sharp rise" of 5.4% over the last 12 months, according to the PricewaterhouseCoopers and eurocarprice.com Index of New Car Prices.
09 June 2003
Time still not right for euro entry says Brown
It was the poorest kept secret in politics – but now it has become a matter of record that the time is yet not right for Britain to join the single currency.
Time still not right for euro entry says Brown
It was the poorest kept secret in politics – but now it has become a matter of record that the time is yet not right for Britain to join the single currency.
05 June 2003
Cabinet meets ahead of euro announcement
The last sitting of the full Cabinet on the single European currency took place today, before Chancellor Gordon Brown finally rules on the matter next Monday.
Cabinet meets ahead of euro announcement
The last sitting of the full Cabinet on the single European currency took place today, before Chancellor Gordon Brown finally rules on the matter next Monday.
26 September 2011
Markets Rally As Euro Rescue Plan Looms
Further news of a new Euro zone rescue plan has pushed London's FTSE 100 back into the black this morning - as investors appear to be giving more consideration to the crisis measure. The share index bounced back from an earlier loss of 1.7%, and by noon was nearly 1% higher.
Markets Rally As Euro Rescue Plan Looms
Further news of a new Euro zone rescue plan has pushed London's FTSE 100 back into the black this morning - as investors appear to be giving more consideration to the crisis measure. The share index bounced back from an earlier loss of 1.7%, and by noon was nearly 1% higher.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
