EUROPE – EMU – 15 July 1999

Dr Julian Lewis: What assessment he has made of the effect on small businesses of Britain remaining outside the single European currency?

[SUPPLEMENTARY:] Is the Minister aware that the chairman of the policy unit of the Federation of Small Businesses, Mr Brian Prime, has stated that about 94 percent of the federation's 127,000 members are implacably opposed to membership of the single currency? Mr Prime has stated also that membership of the single currency has little to do with economics, but is a political device for political ends. Why does the Minister think that the Federation of Small Businesses can see so clearly that to which the Government are evidently blind?