There are numerous arguments that the British government have recognised outlining their decision in not joining the Euro. If Britain joined the euro they would only be one voice out of twelve countries, meaning less influence on policies. Once Britain signs for the euro they would be joined into an irreversible agreement. Many European countries have a desired goal of joining to create a ‘United States of Europe’ which would involve the submission of Britain’s sovereignty and subsequently their global independence as a currency. ... The introduction into the Euro means that the political powers of electorates would not be as strong on a local scale if the interests of mainland Europe were to be influential as well. ... We only have to look at the poor turnout in Britain at the elections for the European parliament to see the disinterest that people have about joining.
The British people would more positively see the government pay more attention towards current needs such as the decaying infrastructure, public services, public transport system and the diminishing NHS than diverting attentions towards debates about the Euro. ... In joining the Euro it would directly affect our exchange rate and interest rates, and indirectly, jobs, trade, investment and economic growth. ... If Britain were to contract ourselves to the Euro we would lose this ability as the Euro policy sets a ‘one size fits all’ interest rate for all Euro member countries. ... For example, if Britain was having a period of sustained economic growth such as at the moment, and another Euro member country was in a period of recession then there would be a conflict in policies to benefit each country. ...
To join the Euro would involve interest rates no longer to be set by the Bank of England in London, but in Frankfurt by the European Central Bank.
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