Tories attack Mandelson's defence of 'successful' euro

Published on Saturday 13 June 2009 11:20

CONTROVERSY over British membership of the euro was reignited after it emerged that Business Secretary Lord Mandelson said it was "obviously" still an objective of the Government.

Conservatives claimed that Britain would have suffered more in the recession if it had not had the freedom to lower its own interest rate.

But Lord Mandelson insisted that the European single currency had been "a great success" during the downturn.