IoD warning on Euro

The UK is years away from being ready to join the euro, the Institute of Directors has warned. In a report sent to the treasury select committee on European economic and monetary union, the IoD said there were no signs of convergence between the UK economy and those of European countries. The report, which examined […]

The UK is years away from being ready to join the euro, the Institute of Directors has warned. In a report sent to the treasury select committee on European economic and monetary union, the IoD said there were no signs of convergence between the UK economy and those of European countries. The report, which examined the government’s five economic tests for entry to the single currency, found the UK’s business cycle is out of synch with that of Europe.

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