WHEN The Northern Echo asked the Prime Minister about the jobs blow at a Press conference yesterday, this is what Tony Blair said:

Of course, Black & Decker has been there for a long time. It will be a tragedy for the workforce - but it's the world we live in. We've been through this before with Fujitsu and Siemens. But new manufacturing is coming into the North-East.

For any of those people affected at Black & Decker, we will, as with Fujitsu and Siemens, work closely with the local communities to find alternative work. We will make sure they are properly looked after.

But it is the nature of modern business. It is one of the reasons why we believe we must play our part in the Europe of the future.

It is the nature of the economy of the future.