BusinessCompany NewsEuro exclusion hammers UK businesses

Euro exclusion hammers UK businesses

The government's failure to join the single currency is putting UK businesses trading in Europe at a competitive disadvantage, a new survey has uncovered.

Link: Treasury concerns may delay euro entry

According to the REL consultancy, more than three-quarters of bankers and financiers said UK businesses enjoyed less favourable business terms because of the country’s exclusion from the euro, a new survey published today and reported by the FT revealed.

A previous survey carried out by REL in 2001 found that not joining the euro was costing UK businesses an estimated euro 14bn (£9bn).

At the time 58% of those surveyed said joining the euro would aid UK businesses, while 88% said it would make them more competitive.

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