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    Mark - it did work well back in the 80's and early 90's - since 1997 our competitive edge has slipped a lot, adoption of the Social Chapter, Corporation tax rises, increased red tape, so on and so on....

    We need to be competitive and to attract inward investment. The EU is on a path of economic decline and we must not be dragged down with it. At an economic forum two weeks ago that I attended in London, when looking at European prospects, the conclusion was that regardless of an early resolution to Eurozone problems they are set for at least a decade of low growth with poor demographics at the heart of it and not just because of ill-conceived tax and other economic measures.

    The UK has a chance to steal a competitive march on Europe but it needs a different economic and social policy direction to the EU. This is all about gaining more opportunities and better paid jobs for our kids in a sustainable and prosperous economy. In my view at the moment the UK's direction in right but the travel is far too slow....

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