BusinessCompany NewsBlair claims Cabinet consensus on euro

Blair claims Cabinet consensus on euro

Tony Blair said today there was an emerging Cabinet consensus over the euro implying that now is not the right time to sign up to the single currency.

Link: UK falls short on euro entry test

But the prime minister was also implying that it would be wrong to rule out a referendum on the issue before the next election.

Speaking at his monthly Downing Street press conference, Blair hit back at suggestions that his government was ‘out of touch’ over Europe after minister for Europe, Denis Macshane, insisted that a referendum could be won, although he admitted it might cause ‘civil war’ in the government.

Blair was asked whether his desire for euro entry and refusal to sanction a vote on the EU constitution meant he was ‘out of touch’.

He replied: ‘I am not sure that public opinion is in quite the settled place that those who oppose the euro say it is. It is possible for opinion polls to change.’

The prime minister added that there was ‘an emerging consensus’ on the single currency among his Cabinet colleagues.

‘Each member of the Cabinet has made clear their support for the principle for joining the single currency, with its potential benefits to Britain, to jobs and industry,’ he said.

Blair also brushed aside Hartlepool MP Peter Mandelson’s claim that he had allowed himself to be ‘outmanoeuvred’ by chancellor Gordon Brown on the issue.

‘In the end, all that will be pushed to one side, and people will have a serious debate,’ he said.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor