Britain will come out of this recession before Euroland...

[Fred Bloggs]

Why would it come here if taxes are so high?

Very, very true. However, at £1 = Euro 1 the UK is a very attractive place to run major projects from if not to manufacture in. Hence my comment about the big EPC co's who compete worldwide to manage big international projects.

[AtW]

Very, very true. However, at £1 = Euro 1 the UK is a very attractive place to run major projects from if not to manufacture in.

Ok, so you advocate setting up long term manufacturing in a country currency of which can go up and down so much? That's the whole point of single currency - it will eliminate currency risk and investors can look at other things (like taxes) that would make countries more (Ireland) or less (UK) competitive.

Inflation is going to really kick in soon - so far workers have shown great restraint in demanding pay increases, and maybe in 2009 it won't happen again because people will just be too scared to lose jobs, however the fall in lifestyles will be very noticeable, one can only hope this would ensure people vote out Labour out of office for the rest of time.

[PM-Junkie]

Ok, so you advocate setting up long term manufacturing in a country currency of which can go up and down so much? That's the whole point of single currency - it will eliminate currency risk and investors can look at other things (like taxes) that would make countries more (Ireland) or less (UK) competitive.

Inflation is going to really kick in soon - so far workers have shown great restraint in demanding pay increases, and maybe in 2009 it won't happen again because people will just be too scared to lose jobs, however the fall in lifestyles will be very noticeable, one can only hope this would ensure people vote out Labour out of office for the rest of time.

Oh change the friggin' record will you? The majority of the people of this country don't want the Euro. Poll after poll after poll after poll has shown that. Deal with it.

Have you always been such a prat or have you had to work at it?

[AtW]

Poll after poll after poll after poll has shown that. Deal with it.

I don't remember there was a referendum on the issue. Until that point some daily mail polls and such in my view are meaningless. Care for euro can be made now and maybe that could be the one good thing the Labour Govt would do, apart from letting me settle in this country of course.

[Liability]

I don't remember there was a referendum on the issue. Until that point some daily mail polls and such in my view are meaningless. Care for euro can be made now and maybe that could be the one good thing the Labour Govt would do, apart from letting me settle in this country of course.

So you think that majority of citizens in this country would vote for a Euro? I cannot see that happening - there is a reason why Brown aint got the balls to even approach this subject of give a referendum - it would be a lead balloon.

[TykeMerc]

So you think that majority of citizens in this country would vote for a Euro? I cannot see that happening - there is a reason why Brown aint got the balls to even approach this subject of give a referendum - it would be a lead balloon.

I agree a referendum on joining the Euro would in all likelihood fail massively, as such I can't see any UK party taking the risk of such a huge loss.

I have mixed views on whether the UK would benefit from being in the euro myself.

[AtW]

So you think that majority of citizens in this country would vote for a Euro? I cannot see that happening - there is a reason why Brown aint got the balls to even approach this subject of give a referendum - it would be a lead balloon.

Let's give it a couple of years of less than one euro per pound exchanged and UK only holidays, after that enough support might shift towards position that having such currency risk is totally stupid.

Brown certainly won't do it, and maybe for good - people would vote against him rather than against idea.

[Liability]

I agree a referendum on joining the Euro would in all likelihood fail massively, as such I can't see any UK party taking the risk of such a huge loss.

I have mixed views on whether the UK would benefit from being in the euro myself.

I don't know if the Euro is a good idea as there is so much rubbish that gets spouted about. As a gut feel - I think it is a bad thing! Just by virtue of the power of economy that gets given up [or what is left anyway].

However - AtW does have a good point - if it goes below 1:1 than this will change alot of opinion I reckon.

[AtW]

As a gut feel - I think it is a bad thing! Just by virtue of the power of economy that gets given up [or what is left anyway].

Euro now is a reserve currency - those who did not diversify into it from dollar are now regretting it, pound is left over on the side.

Sterling is therefore a 2nd tier currency now - highly unattractive too, it's a great fortune that eurozone is so close, joining euro is what probably will put UK on path to real recovery.

[Liability]

Euro now is a reserve currency - those who did not diversify into it from dollar are now regretting it, pound is left over on the side.

Sterling is therefore a 2nd tier currency now - highly unattractive too, it's a great fortune that eurozone is so close, joining euro is what probably will put UK on path to real recovery.

Hmm not sure. You forget that after Switzerland UK is the next place where the world puts there cash [legal or not].

Euro has its own issues - I mean look at Germany, France etc etc all going down the pan. What can they do to save themselves? There are no benefits that they can take to stop their economic decline - so why would be want the Euro?