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Businessmen camapign against euro

MORE THAN 100 leading businessmen yesterday launched a pounds 1m campaign against the European single currency, claiming the venture is too risky, writes Fran Abrams.

At the launch of Business for Sterling the former British Rail chairman and Labour minister Lord Marsh pointed to a new pounds 500m investment by Honda as proof that Britain could survive outside Economic and Monetary Union.

The group is backed by the heads of the Institute of Directors and Federation of Small Businesses, but says its resources will never match those pumped in by Europe for pro-EMU campaigns.