You are here: Home - News -

UK chances of EMU entry are fading fast

by:
  • 11/08/2003
  • 0
The UK's chances of joining the European Monetary Union (EMU) are fading, according to a poll of eco...

The UK’s chances of joining the European Monetary Union (EMU) are fading, according to a poll of economists. A Reuters’ survey of 35 economists from across Europe conducted last month, found the chances of the UK joining the EMU by the end of 2006 stand at 13%, down from 25% in April this year.

Chancellor Gordon Brown said in June that his five economic tests for entry had not been met. Brown will look at the tests again next year, but even if they are met, economists think the Government would postpone any referendum until after the next election.

One respondent, James Knightley, economist at ING Financial Markets in London, said: ‘The focus will be on whether the Government delivers what it promised to improve public services. It will look ahead to the General Election [due by 2006] and is unlikely to devote any significant time on euro entry.’


Tags

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
/IMG/762/267762/japanese-knotweed-by-phil-sellens.jpg
VIDEO: Your five minute guide to equity release…

Georgina Smith, managing director of equity release provider Stonehaven, separates the truth from the lies.

Close