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.
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%.