Britain will never use the Euro. We're keeping the ££'s (The Euro)

Member Name: johnnycarrotheid

Product:	The Euro
Date:	17/05/06 (836 review reads)
Rating:

Advantages: Keep British decisions British

Disadvantages: They already control too much

The Euro isn't a much talked about thing in the UK right now.
Thats why i am writing this, it pretty much proves my argument.

The Euro debate has been won by the "No" camp.

Everyone knows Tony Blair would like us to join up to the Euro.
His counterpart Gordon Brown "won't join until economic requirements are met", which shows he isnt ready to jump into something which could ultimately be catastrophic for the British economy.
This essentially gives the "No" camp a win by default, as the "Yes" camp can't really begin on their argument as to why it is benificial for us to join. If the economic requirements arent met, it essentially means it would be bad for the UK economy to join the Euro. It's hard to say joining the Euro would be a good thing and convince others of the same, when even the Chancellor says it would be bad at the time-being.

What actually are the benefits to the UK economy of joining the Euro?
Personally i cant see many, apart from the convenience of not having to chance currency for a European holiday. But that is only a 5 minute job at any travel agent or post office and i dont think anyone even charges commission anymore.

What are the down sides of joining?
Prices WOULD go up. Every country i have been to or heard about, all i hear is how prices have skyrocketed. Especially go to Dublin and ask them, a lot of them really regret it.

I just dont see why we would join up with a bunch of very dodgy economies, when the British is quite strong at the moment. After 9/11 the UK economy was the only to maintain some sort of growth, we remained stable while the rest moved backwards.
The heart of the EU is France and Germany. As most people know, France depends on its heavily subsidised farming industry , while Germany itself has severe unemployement problems with millions out of work.
Added to this the expansion into Eastern Europe, whom will most nearly all want to adopt the Euro as soon as possible, while needing severe financial aid to bring their own economies up to a standard matching the EU countires is crazy.

The current EU countries skim off most of the EU budget as it is, thats why there was so much of a furore about spending in the new Eastern European countries. The UK already gives the EU far too much money, getting very little to nothing back in return.
Britians EU contribution is roughly equal to the amount given to Spain every year.
No wonder they wanted us to scrap our Rebate, how else was the EU going to afford Eastern Europe? We have the rebate to stop Britain getting screwed even more than we already do. Most of the Euro adopted countries need the EU budget to prop up their economies, you dont expect them to pay for the Eastern Europeans do you?

If you look at the economies in the Euro zone, they are total opposites to the UK.
Britain so far is the only country to allow full immigration from the Eastern European countries, and we have suffered no ill effects from it so far.
Our economy can accommodate these extra workers, and essentially benefit from them, whereas in the Euro Zone this added burden of more workers could add to their already struggling economies with more unemployement arising.

Where i live, there has been many Eastern Europeans coming over. There hasnt been a noticable loss in the empolyement sector. People can still go out and get jobs no problem. Even the low paid jobs there are lots of, so if a student says he cant work because theres no jobs, he's lying lol.

The debate has died down, because the Government realises they have lost the argument before they have even started.
It would be bad for the economy, and public opinion is already against it so they are happy to leave it as it is.
Public opinion is why they were so worried about the vote to join it. It would cost a fortune to get enough people on board to say Yes. Added to the actual cost of joining.

I just like stirring up debate thats died down or forgotten as recent ones are often done to death and get boring lol.
Dont know where i got the Euro from but its better than discussing America as usual.

Summary: Never gonna happen, would be disastrous anyway