Treasury given green light on Euro - papers 2nd May

Gordon Brown was given the green light to sign Britain up for membership of the euro yesterday by respected think-tank, the National Institute of Economic and Social Research, says a report in the Scotsman. NIESR said the five tests which the Chancellor has set down before he will commit the UK to Europe's single currency have already been met. "The five tests are basically satisfied if we can say output and welfare would be higher if we joined the euro, and we judge that to be the case," said Ray Bassell, NIESR report author. Equitable Life, the troubled UK life assurer, ...