3 October 2001, 12:52 UK treasury says nothing new in Blair's comments on euro entry
LONDON (AFX) - A treasury spokesman said Prime Minister Tony
Blair's comments yesterday on the UK's euro entry prospects -- widely
interpreted as his firmest commitment yet on membership -- contain
nothing new.
"It's just a statement of the existing policy that the five
economic tests must be met before a referendum can be called," the
spokesman said.
He said the interpretation by commentators and the media is
exaggerated, adding that Blair was not signalling a change in policy.
The prime minister told the Labour Party conference that the UK
should join the euro if the government's five economic tests are met
during the current parliamentary term.
"They are fundamental," he said. "But if they are met, we should
join, and if met in this parliament, we should have the courage of our
argument, to ask the British people for their consent in this
parliament."
Blair's comments have been interpreted as a signal that he would be
prepared to take on Chancellor of the Exchequer Gordon Brown and brave
a sceptical British public over euro entry. The chancellor is seen as
reluctant to proceed with a referendum this term.
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