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European Single Currency

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 13th March 1997.

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Photo of Mr Philip Oppenheim Mr Philip Oppenheim , Amber Valley 12:00 am, 13th March 1997

As I understand it, new Labour's policy is exactly the same as ours. As soon as we changed our policy and said that we would have a referendum on economic and monetary union, Labour poodled along behind us on that policy, as on so many others. Is the hon. Gentleman also arguing, for the sake of symmetry, that the many Euro-sceptics in his party—including the 50 who signed a letter condemning Labour's policy—have driven the Labour party into exactly the same position as us?