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UKIP pushing false claims
Updated 9:02am Monday 12th May 2014 in Your Views
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.
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