BusinessCompany NewsUK to join Euro by 2004, says Griffiths

UK to join Euro by 2004, says Griffiths

Small business minister Nigel Griffiths - a close political ally of chancellor Gordon Brown - has predicted the UK will join the Euro within two years.

In what was seen at Westminster as a significant political development in the single currency debate, a Treasury spokesman said Brown was ‘relaxed’ about the Edinburgh South MPs views which, he said, were ‘perfectly consistent’ with his own.

Griffiths said it was his ‘hunch’ that the five economic tests would be met in June next year and entry to the Euro would follow within months.

But business leaders said there was still ‘significant’ opposition to scrapping the pound and that Griffiths’ timetable was too short for firms to make the changeover.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor