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Now the Euro is the single currency in 13 European countries which is called the Eurozone. In this report I will outline why the UK should join the Euro single currency in terms of the former chancellor Gordon Brown’s five tests, creating a large unified European market, and encouraging more company investment in the UK.
In 1997 the treasury outlined five tests that the UK must pass before implementing the Euro currency. These tests are (1) if the UK can successfully integrate into the Eurozone in the long run, (2) is the UK economy and workforce flexible enough to adjust to change and if there are problems, (3) would the Euro attract companies to invest in the UK, (4) would it affect the financial services industry, and (5) the affect on employment...
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