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

OBR chair says leak could have come from 'external person'

OBR chair says leak could have come from 'external person'

OBR faces scrutiny after key document shared before Budget

Jen Frost
clock 27 November 2025 • 2 min read
Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

Budget 25: Early OBR reports downgrades UK growth outlook as fiscal headroom doubles

OBR report released in 'unprecedented leak'

Patrick Brusnahan
clock 26 November 2025 • 1 min read
Budget 25: Council tax surcharge for £2m properties revealed

Budget 25: Council tax surcharge for £2m properties revealed

High Value Council Tax Surcharge in place from April 2028

Jen Frost
clock 26 November 2025 • 2 min read