NFU sets up currency working party

18 May 1998

NFU sets up currency working party

By FWi staff

THE National Farmers Union is setting up a working party to look at the ramifications for UK agriculture of not joining the single currency from the outset.

NFU deputy president Tim Bennett will chair the new group, which will examine the economic implications of EMU for the farming and allied industries.

The NFU holds grave concerns that the UK will be penalised when Brussels draws up new plans to convert subsidy payments from Ecus into Pounds.