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UK Membership of the Single Currency

Great Britain. Treasury

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Description:This document details the Treasury's assessment of the five economic tests it has established in order for the Government to recommend UK entry into the European single currency in a referendum. The five tests seek to define whether a clear and unambiguous case for Economic and Monetary Union (EMU) entry can be made, relating to the following criteria: convergence; flexibility; investment; financial services; growth, stability and jobs. Overall, the Treasury assessment finds that the financial services test has been met, but that the tests for convergence, flexibility and employment have not yet been met. If sustainable and durable convergence is achieved, then it is likely that the investment test would be met. Therefore, it concludes that although the UK has made real progress towards meeting the five economic tests since 1997, and despite the risks and costs from delaying the benefits of joining, a clear and unambiguous case for UK membership of EMU has not yet been made. Therefore a decision to join now would not be in the national economic interest. (Please note that the Treasury has also published 18 background documents to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. These are available as a complete set (ISBN 0118490028) or as separate publications.)We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with UK Membership of the Single Currency. To get started finding UK Membership of the Single Currency, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 260

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 2003

ISBN: eooFu4pCLxcC

Description: This document details the Treasury's assessment of the five economic tests it has established in order for the Government to recommend UK entry into the European single currency in a referendum. The five tests seek to define whether a clear and unambiguous case for Economic and Monetary Union (EMU) entry can be made, relating to the following criteria: convergence; flexibility; investment; financial services; growth, stability and jobs. Overall, the Treasury assessment finds that the financial services test has been met, but that the tests for convergence, flexibility and employment have not yet been met. If sustainable and durable convergence is achieved, then it is likely that the investment test would be met. Therefore, it concludes that although the UK has made real progress towards meeting the five economic tests since 1997, and despite the risks and costs from delaying the benefits of joining, a clear and unambiguous case for UK membership of EMU has not yet been made. Therefore a decision to join now would not be in the national economic interest. (Please note that the Treasury has also published 18 background documents to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. These are available as a complete set (ISBN 0118490028) or as separate publications.)We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with UK Membership of the Single Currency. To get started finding UK Membership of the Single Currency, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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UK Membership of the Single Currency

UK Membership of the Single Currency

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