BusinessCompany NewsUK public divided over euro entry

UK public divided over euro entry

Nearly half the UK voting public would rejected a move to join the European single currency even if it had government endorsement, a new poll has predicted.

Link: A third of chief execs reject move to euro

Undertaken by Barclays Capital, the poll found that 53% of those polled would support dropping the pound for the euro, if it had the backing of the government.

Just over a third – 37% – would back joining the euro if Gordon Brown’s five economic tests were met.

Nick Verdi, an economist at Barclays Capital, said the increase in anti-euro sentiment may have been influenced by worst than expected borrowing figures, as announced in the pre-Budget speech.

Another factor was the disparity between UK economic growth, predicted to grow at 1.6%, compared with that of the eurozone, expected to grow at 0.8%.

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