Government to publish five Euro tests by next June

The Treasury will publish its five fiscal tests by nexy June, to assess whether the UK should enter the single currency. UK inflation is also scheduled to meet government targets of 2.5% this year, according to Gordon Brown in his Pre-Budget speech. Inflation is expected to drop to 2.25% next year and grow again to 2.5% in 2004. And Mervyn King will take over as governor of the Bank of England when Sir Eddie George steps down next year. However, Gordon Brown has issued a stern warning to the public sector and, in particular, fire fighters, by stating it will not risk inc...