UPDATE 2-Ford pays penalty of UK's absence from euro

Newswire

(Adds background) By Daniel Morrissey MANCHESTER, England, Nov 25 (Reuters) - Ford Motor Co. is paying an "incredible penalty" for Britain's absence from the European single currency and its U.K. competitiveness would be eroded if the nation did not join, the auto giant will say in a speech later on Monday. In the speech, obtained ahead of its delivery to the nation's top business conference, the world's second-largest carmaker says every minute Britain delays adopting the euro is ...

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