Below is the text of the Conservative Party Election Broadcast, shown on 18th April 1997.
This election is about jobs, it's about education, it's about health. It's about people's prosperity both at the moment and in the future.
But there is becoming one central defining issue that is raised on door-
And then there is the wider and deeper question that I know concerns many of the people watching this broadcast. Should sterling enter a single currency if our European partners decide to proceed with it? Are there advantages in it? Yes, there are. There are advantages in it. If a single currency were to be formed and if if it were to be successful, it might extend a zone of low inflation permanently right across Europe.
But are there risks? Yes, there are very deep risks and we have to consider those as well. What is the core element of a single currency that gives rise to such caution amongst the British nation? I believe it's the fear that inexorably, sometimes almost invisibly, we are being dragged further and further into a position where more and more decisions are being taken away from the British Parliament and decided collectively by the European heads of government in Brussels. I have not a shred of intention, neither has any member of my Cabinet or any member of my Party so far as I am aware, of surrendering the responsibility for taxation or expenditure to our European partners or indeed to anybody else -
I said this was a central issue. I think it is a defining issue as well. I will negotiate for Britain in these negotiations, firstly at Amsterdam on a Federal Europe and later on a single European currency. l am therefore in a different position from anybody else in this country when I conduct those negotiations. When I have concluded those negotiations -
For this is a matter of such overriding importance -
I will not take Britain into a single currency. Only the British nation can do that. Upon that, you may be certain.