WE hear so many incorrect statements about the virtues of joining the euro.

The truth is that the Institute of Directors has come out against it and more and more companies don't want it. We export more goods to America than anywhere else in the world including Europe.

Blair has spent £27m talking the multi-national superstores into accepting the euro. Now even more taxpayers' money is to be used to get the financial institutions to use it. Our banks and building societies will then be so locked into Europe that a referendum will be meaningless.

That is why they keep delaying it. It's all done by stealth.

R B PORTER,

Droitwich.