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Article: AS the UK Treasury prepares to report on whether the British economy will meet chancellor Gordon Brown's five economic tests for euro entry by next June, British public opinion is moving against the euro membership.
- Article from:
- Sunday Business (London, England)
- Article date:
- September 1, 2002
CopyrightCOPYRIGHT 2002 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AS the UK Treasury prepares to report on whether the British economy will meet chancellor Gordon Browns five economic tests for euro entry by next June, British public opinion is moving against the euro membership. Even the most hardened eurosceptics accept that adopting the single currency would confer some economic advantages on Britain. For example, the euro would eliminate the cost to travellers of having to pay to change pounds into euro coins and notes on their way out of the UK and then having to pay again to exchange the euros on return.
It is just that sceptics believe that the cost of UK membership of the euro, such as the loss of an independent monetary ...