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To: maceng2 who wrote (449)	9/30/2003 5:25:42 AM
From: maceng2	Read Replies (1) \| Respond to of 1417

Brown is upbeat on economy gulf-daily-news.com [ho ho ho "convergence" indeed is coming .. pb] BOURNEMOUTH, England: Britain's economy is poised to grow faster, Chancellor of the Exchequer Gordon Brown said yesterday, signalling that a robust performance would push euro entry far into the distance. Brown said that with exchange rates "more favourable" and world trade growing again, Britain's embattled manufacturers could expect better times ahead. "Our economy will grow even stronger in the months to come," he told his ruling Labour Party's annual conference. More cautious on the single currency than Prime Minister Tony Blair, the powerful finance minister said that only when the UK economy was marching in step with its single currency counterparts would sceptical Britons be persuaded to adopt it. The British economy is forecast to grow by 1.7 per cent this year, and faster still in 2004, far above the expected performance of euro zone powerhouses like France and Germany. "We will demonstrate to the public the benefits of the euro if we can achieve sustainable and durable convergence with the euro area," Brown said. Along with Sweden and Denmark, Britain is one of three euro outsiders among the EU's 15 member states. In June, Brown said the time was not ripe to switch currencies but promised to look again next year. Since then, the Blair government's public trust ratings have plunged with most Britons believing they were misled over the case it made for war in Iraq. On Sunday, Blair said he would keep open the option of euro entry. But with polls showing a majority of Britons want to keep the pound, even pro-euro allies say his hopes of persuading them to do otherwise have faded sharply as his popularity has dwindled.