The single currency complements this. A successful single currency should offer greater potential rewards, and incentives, for entrepreneurs to develop new products and services we need to maintain our competitive position. These are issues not only for British firms but also for internationally mobile companies. Inward Investment in the UK remains at high levels. But the Government has always stressed that it will take into account inward investment in deciding whether to recommend membership.
Investment is one of the five economic tests.
What business wants is a Government that takes an approach to the single currency which is based on the economic interests of our country. Not one based on political dogma. If we were to rule out joining for a period, even if during that time it would be in the national interest to join. Or if we were committed to joining at a fixed time regardless of whether it would be in our interests. These two positions represent a triumph of political dogma over the national interest.