LETTER: Common sense and monetary union

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From Mr J. M. Mackay

Sir: I was most interested to read Hamish McRae's article (22 December) about the impracticalities of monetary union, but I think even more fundamental is the question of parliamentary control thereof. Politics is very largely about the economy and taxation, which vitally concern the currency. I cannot imagine that we would ever accept the decisions of a hostile European parliamentary majority against our interest in such matters.

Yours faithfully,

J. M. Mackay

Broughton, Hampshire

21 December

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