The letter from Mr Michael McGough (Guardian, May 1) is typical of the disinformation pushed out by the UK Independence “Party”.
The truth is that on January 1 2002 (the day the Euro entered circulation in the Euro zone countries) the pound was worth 1.64 Euros and it’s now worth 1.22 Euros; these facts can be checked at www.xe.com/currencytables.
Because we didn’t join the Euro, everybody who has savings in pounds Sterling has lost a quarter of their money.
Any company that invests in the UK is buying into a weak currency.
This is offset by the fact that we’re in the EU (which gets the company into a market of over 470 million people) and we speak English (which is spoken by more people in the world than any other European language); that’s all we’ve got to offer.