Battle Cry to Save the Pound

Daily Mail (London), March 1, 1999 | Go to article overview

Battle Cry to Save the Pound


WILLIAM HAGUE is to set up a policy commission to look at the advantages of keeping the pound.

With the cry of 'Let battle commence' he yesterday unveiled plans for economists and city experts to explore how Britain 'can take the fullest advantage of having its own currency in the future'.

He said Britain was the sixth-biggest economy in the world and had developed many new strengths over the past 20 years.

'I don't want to see those things thrown away,' the Tory leader told Radio 4's The World This Weekend.

'I am going to make sure the facts and information and the debate is there to make sure people really do have a choice.' Less than a week after Tony Blair locked Britain into a tight timetable for signing up to the Euro soon after the next election, a powerful new campaign against monetary union was under way.

Lord Healey joined forces with former Labour Foreign Secretary Lord Owen and former Tory Cabinet Minister Lord Prior to spearhead the fight against the single currency.

The anti-Euro campaign - under the banner New Europe - today will set out its case that it is possible to be committed to the European Union while opposing the single currency.

Lord Healey, one of the most formidable figures in British post-war politics, delivered a trenchant attack on monetary union in an interview with GMTV. 'They have taken a step too far,' he said. …

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