When will the UK change their currency to the Euro?

scottietwenty3

When Will Great Britain Join The Euro? Obviously we don't know the answer to this, even Tony Blair and Gordeon Brown probably don't know yet. It would also be impossible at this late stage to join at the start, paticularly as most Europeans have had Euro bank accounts and invoicing for some years already. We simply could not mint the quantity of coins, or print the number of banknotes required in sufficient time. As we have already missed the start, we may as well stand back and watch. If the Euro launch is a disaster, the UK politicians will be able to appear ultra-smart by having avoided the debacle. Once the Euro is firmly established, many Britons will increasingly be able to see its advantages, and their political opinions will change. Currently about 70% of the UK population are against the Euro, we belive this will drop to under 50% within about 12 months of the Euro's full launch. It may be relatively trivial considerations which alter the public perception, for example when Britons realise that they only need one currency for a European holiday, and that they don't have to lose 5% in foreign exchange charges every holiday, that they can keep their French Euros when they go on a Spanish holiday, they will start to envy the other Europeans who can just use their own money in any other Eurozone country. Another factor will be when the pound suffers its next cyclical downturn, and the British realise that one large currency can be more robust than a large number of minor ones. http://www.eurocoins.co.uk/britaintheeuroshouldbritainjoin.html Apr 08 09, 11:42 PM

foosyerdoos

The UK will join the Euro when five criteria have been met. 1)Sustainable convergence between Britain and the economies of a single currency. 2)Whether there is sufficient flexibility to cope with economic change. 3)The effect on investment. 4)The impact on our financial services industry. 5)Whether it is good for employment. The main political parties in the UK have different views on joining the Euro, so, maybe never. Depends who is in power at the time that the criteria are met! http://www.psr.keele.ac.uk/docs/efaq.htm#criteria Apr 09 09, 12:02 AM