Channel Four, Monday 17 March 1997

Page 505 TimeCode 0000


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   P505    Tjletext   505 Mar17 16:41:57
 
 
 
 
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 STRONG POUND "EATJNG PROFITS"          
                                        
 The "poison" of a strong pound is      
 0ostponing the UK's economic revival   
 and eating into profits, claims the    
 Chancellor's former economic adviser.  
                                        
 Professor Patrick Minford warned that  
 the case for assuming the pound would  
 fall back soon was "incredibly weak".  
                                        
 He said recession growth rates were    
 inevitable if the pound continues at   
 its present level throughout 1997.     
 ---------------------------------------
 Financial headlines 500  City index 501
    I.T.JOBS? - CONTRACT OR PERMANENT   
                see p631                
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