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Letter to the Editor

Nottingham Evening Post - Tuesday, 5 November 2002

Dear Sir

It's Tim Clark of the European Movement, not Dorothy Wilson, who has his head in the sand (Letters Oct 28th).

British Industry is not "Clamouring for euro entry". On the contrary, industry's support for the euro has declined every year since the currency was launched in 1999, and now more businesses want to stay out than go in.

Inward investment is not "drying up", and the "Britain in Europe" Campaign persistently refuses to tell us the source of the figures it likes to quote. But official figures show Britain dominating inward investment in Europe, and our share marginally increasing.

It is true that we have seen some high-profile job losses in manufacturing, but our unemployment rate remains roughly half the German rate where they have four million unemployed. The British economy, with its interest rate tailor-made by the Bank of England, is clearly out-performing the euro-zone. We should be daft to seek "convergence" with economies doing less well than we are!

Yours sincerely,

Roger Helmer MEP