Should Britain join the Euro after all? Patrick Hennessy, political editor of the Sunday Telegraph, bravely asks the question over at Three Line Whip, arguing that one can no longer claim the British economy is doing better than the Eurozone’s. A provocative point, certainly, and one we’re likely to hear much more often as the consequences of Gordon Brown’s reign of error at the Treasury hit mortgage owners and shoppers.
My answer is pretty simple. One cannot conceive of a way that the Euro would help us. The arguments used ten years ago by the pro Euro campaign – more jobs, lower prices, increased trade – have been proven to be false. If they were true, there would be some sign of them in the Eurozone member countries. The City flourished outside the Eurozone.
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