"This delay comes at a huge cost - not just to explaining the case. The present over valuation of the pound against the Euro and, increasingly, against the dollar, has cost British manufacturing 500,000 job losses since 1997, the deepest manufacturing recession since 1981 and the longest since 1945.
"Yorkshire is particularly hard hit with unemployment rising against the national trend, as the figures published today show. Joining the Euro at a competitive rate is the best answer anyone has realistically offered to this crisis."
