Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 28th February 2002.

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Photo of Michael Howard Michael Howard Shadow Chancellor of the Exchequer 11:30 am, 28th February 2002

Indeed, I do, but it is important to note that that decision was supported by all parties in the House, by the Chancellor personally at the time, by the Liberal Democrats, by the Confederation of British Industry and by the Trades Union Congress. I certainly do accept my share of responsibility.

Mr. Gus O'Donnell was quoted as saying:

"Economics can never be clear and unambiguous", and he has not denied that statement. Is it not the case that all the evidence shows that joining the single currency would be likely to have devastating consequences for the jobs, homes and livelihoods of the people of this country? Why does not the Chancellor accept that, put this distraction to one side, and concentrate on dealing with the crisis in the public services of our country?