I WAS interested to read that the Government is considering the "localisation" of benefits in recognition of the different costs of living in parts of the country. This implies that the Government recognises that the pound is effectively worth a different amount in different parts of the country. These effective regional differences in the value of the pound present no insuperable problems within Britain. Why, therefore, is the Government so adamant that it will not join a single European currency until the economies of EU member states converge?
Alexander Chablo
Manchester
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