Letter: Business and EMU

Wednesday 05 November 1997 00:02 GMT

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Sir: It would seem that business enthusiasm for a single currency is proportional to the size of business - the larger the company the more pro-euro and vice versa (Letters, 3 November).

If a pile of sand 156ft high and a mile across the base (no metric nonsense here) represents UK business, then only the top six feet are firms with more than 20 employees.

Irrespective of the constitutional issues involved there are huge numbers of small and micro-businesses for whom a single currency represents a disproportionate and mammoth problem in terms of costs of compliance. The vast bulk of UK businesses (in keeping with the customers that they supply) are far from enthusiastic as far as the euro is concerned.

Dr BERNARD JUBY

Federation of Small Businesses

London SW1

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