Blair treads softly on new currency

Article Abstract:

It is anticipated that UK Prime Minister Tony Blair will call a referendum on UK membership of the single European currency shortly after the next general election. Single European currency membership will become an increasingly sensitive political issue in the UK in 1999, but is believed unlikely that Blair will shift from the government's policy of being committed to monetary union in principle but using economic tests to decide whether to join. However, supporters of a single currency believe Blair is moving slowly towards their point of view.

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'Britain is losing jobs by staying out of eurozone.'

Article Abstract:

The UK will suffer economic damage if it remains outside the euro zone for a long time, according to Minister for Europe Peter Hain. He believes that around half the electorate would follow the government's lead if it were to recommend voting in favour of euro membership in a referendum.

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Brow: No early referendum but we are 'pro-euro realists.'

Article Abstract:

UK Chancellor Gordon Brown adopted a pro-European tone in his speech at the Mansion House. However, he dismissed the prospect of an early referendum on the single currency.

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