"Red" Ken meets his bosses

red-rebel red-rebel at SPAMsupanet.com
Wed May 24 13:40:29 MDT 2000



> From yesterday's Times
>
> Livingstone vows to fight for euro
>
>   BY ROLAND WATSON, CHIEF POLITICAL CORRESPONDENT
>   KEN LIVINGSTONE said last night that London would
>   surrender its position as Europe's financial capital if Britain
>   remained outside the euro.
>
>   The Mayor of London used his first high-profile speech in
>   the heart of the City to make it clear that he would use his
>   office to campaign vigorously for Britain's membership of
>   the single currency. The stance sets him at loggerheads
>   with the Government's approach.
>
>   Mr Livingstone said he did not have to concern himself with
>   the "tactical niceties" of party politics. "I intend to use my
>   period as mayor to explain fully that membership of the
>   euro is not irrelevant to, but is vital for, the medium and
>   long-term interests of London," he said. He also used his
>   speech at a Mansion House banquet, where he was guest
>   of the Lord Mayor of London, to make clear he was
>   prepared to rock the boat in other areas.
>
>   He would challenge moves to cut the money received by
>   London in favour of other regions. Unless London had the
>   resources it required "the entire economy will suffer".
>
>   But Mr Livingstone also used the event, held to honour his
>   appointment as London's first directly elected mayor, to
>   promise a conciliatory line with the City. Choosing to ignore
>   the evening's dress code and address the black-tie audience
>   in his trademark lounge suit, Mr Livingstone pledged to bury
>   differences with the City's institutions, instead promising to
>   work side by side for the good of London.
>
>   Clive Martin, the Lord Mayor, welcomed the promise of
>   co-operation but said thousands of City jobs would be at
>   risk unless Mr Livingstone watched his words.
>
> ############################################################







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