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UK: CLEARANCE GIVEN FOR EURO SUPPORT

Article Abstract:

Secretary of State for Trade and Industry, Stephen Byers, has been granted clearance to promote UK's entry into the European single currency, a move celebrated by pro-European government ministers. Mr Byers' speech, which highlighted the advantages of Britain joining the euro, was approved by Prime Minister Tony Blair and Chancellor Gordon Brown. According to the speech, membership of the single currency would offer businesses the same advantages already enjoyed by US competitors, as opening up a larger market and reducing exchange costs would allow firms to take greater risks in developing new products and services. A recent ICM survey showed that 60% of people in the UK would vote against euro membership in a referendum.

Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000

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UK: BRITAIN ON COURSE FOR EURO ENTRY

Article Abstract:

According to a report the UK could soon join the European single currency as the country's economy has converged with the 11 states already in the euro zone. Pressure is also mounting on the government to unveil its plans for euro entry as a means of reducing the value of sterling. The report follows a move by the monetary policy committee of the Bank of England taken on 6 April 2000 to not alter interest rates and leave them at 6%.

Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
Government Short-Term Rates, Gross National Product

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UK: SINGLE CURRENCY WHEN TIME IS RIGHT

Article Abstract:

Tony Blair will lead the UK into single currency, when and if the time is right. The Prime Minister has said that he sees this as the way forward but only when the UK is ready; when the economic time is right and there are clear benefits for joining.

Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
International politics

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Subjects list: United Kingdom, Economic policy, Money
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