Keywords
Citation
(1999), "Business for Sterling", European Business Review, Vol. 99 No. 3. https://doi.org/10.1108/ebr.1999.05499cab.004
Publisher
:Emerald Group Publishing Limited
Copyright © 1999, MCB UP Limited
Business for Sterling
Business for Sterling
Keywords Currency, European Union, EMU
Business for Sterling launches The Case for Keeping the Pound. A comprehensive argument against UK membership of the Euro.
Business for Sterling recently launched its publication The Case for Keeping the Pound, a strongly argued case against UK membership of the single European currency, the Euro.
The Case for Keeping the Pound details the disadvantages that Euro membership would impose on the UK. These include the risk of increased unemployment and higher taxes, and the transfer of control of interest rates bank and building society interest, mortgage rates and business borrowing costs from the Bank of England to the unaccountable and untransparent European Central Bank (ECB) in Frankfurt.
According to Business for Sterling Chairman, Lord Marsh: "Publication of The Case for Keeping the Pound underlines our determination in Business for Sterling to introduce serious arguments into the national debate on the single currency."
"UK membership of the Euro is predicated on the fallacious and potentially dangerous assumption that there are no great differences between the economies of Britain and those of the eleven countries that have joined the single currency", added Lord Marsh.
The Case for Keeping the Pound is designed to educate and stimulate the debate about the single currency in Britain. Its attractive charts, quotations, cartoons and clear, simple text seek to explain business concerns about the Euro to a lay readership as well as engage chief executives and finance directors of Britain's top companies.
It brings together facts and figures on why the Euro should not be regarded as the panacea for the EU's economic ills, and telling quotations from top EU politicians and central bankers.
It sets out the facts on business taxes on the EU. It explores the problems of competitiveness in core EU economies. And it provides telling data on issues ranging from the EU's high unemployment to the huge unfunded pension liabilities of many continental economies.