Chancellor Gordon Brown has outlined the arguments for joining the euro, saying that UK trade with t...
Chancellor Gordon Brown has outlined the arguments for joining the euro, saying that UK trade with the eurozone countries could increase by 50% over the next 30 years. UK national income could increase by 0.25%, adding £3bn annually. Smaller companies would benefit from reduced volatility of currency exchange rates, and lower interest rates would help make borrowing cheaper for all businesses. If the five tests are met, "the UK should join," he says.
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes