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The concept of joining the EU is toxic in UK politics. If you did that, the Murdoch and the rest of the right wing press would declare war immediately.

Plus, I think that the ECB would put such a price on joining in terms of the City's relationship with tax havens that the City itself would revolt.

Can't be done, whatever the advantages.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Nov 19th, 2008 at 08:07:37 AM EST
[ Parent ]
Well, if the UK doesn't join the Euro and the interest rates stay very low, which is likely (they even mentioned 0%), then a kind of Pound-based carry-trade could develop.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Wed Nov 19th, 2008 at 08:22:48 AM EST
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