Great euro giveaway

Engineering firms listed on the stock market could get snapped up in a spate of takeovers from the US and the Far East if Britain makes an early entry into the single currency, according to some City observers. Immunity to European exchange rate swings would be the final icing on the cake, a rich mix […]

Engineering firms listed on the stock market could get snapped up in a spate of takeovers from the US and the Far East if Britain makes an early entry into the single currency, according to some City observers. Immunity to European exchange rate swings would be the final icing on the cake, a rich mix of undervalued shares in our sector, flexible labour markets and low levels of Government interference.

Some people have warned that the euro would mean handing someone else the controls for the UK economy. Now it looks like we’ll have to give away the engines too.