If Britain does nothing to solve the problem, foreign companies, regardless of whether they are Japanese, American or whatever nationality, may exit the country. Growing tide Earlier in the week, Prime Minister Tony Blair had talks with the Japanese car manufacturer, Nissan, about the company's concern over the UK's adoption of the euro. Nissan says it might not build its new Micra at its Sunderland factory but move production to Spain or France because of the strength of sterling against the euro. Panasonic Technics Quasar National Matsushita has already switched much of its TV manufacturing to the Czech Republic because of the currency issue. Another Japanese car-maker, Toyota, said on Thursday it was considering whether to increase production at its British assembly plant near Derby.
Inward investment is one of the cornerstones of Britain's economic success.
This is a warning to the whole country that our prosperity is at risk if we rule out the single currency. New York governor cuts spending Links to more Business stories are at the foot of the page.