MPs told urgent plans needed for euro collapse

clock

Ministers have been urged by an influential committee to draw up a plan of action to help the country cope in the event of a eurozone collapse.

A joint committee of MPs and peers who are part of the UK's National Security Strategy (NSS) said ministers needed to prepare plans to deal with a break-up of the eurozone "as a matter of urgency", despite recent signs the crisis on the continent is coming under control. According to the BBC, the NSS said the full or partial collapse of the single currency was "plausible". It said a collapse could lead to political unrest and a rise in the number of economic migrants trying to enter the UK, and urged ministers to come up with some solutions to such outcomes. "International economic...

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Andy Burnham to launch ten-year plan for UK

Andy Burnham to launch ten-year plan for UK

Cost of living measures to be set out

Jaskeet Briah
clock 20 July 2026 • 3 min read
Ex-MPC member Jonathan Haskel approved as OBR chair

Ex-MPC member Jonathan Haskel approved as OBR chair

Nominated by Rachel Reeves

Cristian Angeloni
clock 17 July 2026 • 1 min read
Burnham to stick with fiscal rules as power set to flow out of Whitehall

Burnham to stick with fiscal rules as power set to flow out of Whitehall

First speech since PM bid

clock 29 June 2026 • 2 min read