NO TO EURO REQUIRES PLAN B TO STEM LOSS OF INVESTMENT AND RECORD TRADE DEFICITS
12.19.56pm BST (GMT +0100) Mon 12th May 2003
Commenting on this morning's trade figures, showing a record deficit when oil and other erratic factors are removed, Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:
"Since the Budget, every day that goes by sees further figures contradicting Gordon Brown's optimistic forecasts."
"British investment is falling faster than the rest of the world, and our trade figures continue to plumb record lows. This threatens jobs, growth and stability.
"Saying No to the Euro is not the easy political option that the Chancellor seems to believe. Saying No to the Euro requires a 'Plan B' from the Chancellor to stem the loss of investment and deal with record trade deficits."
ENDS
Notes to editors
1. This morning's trade figures show a record deficit for the first three months of this year when oil and other erratic factors (such as precious stones) are excluded.
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