ARCHITECTURE MUST BLAZE
against to joining Euro. AND only 28% British agree with joining it. As a result Euro since appear on the financial marketing and it became continuously depreciation. As such the country which joining the Euro its value will continuously depreciation. Therefore British would rather to use pound more than Euro. Besides, the economy in Britain is steady increasing therefore it is difficult to persuade British joining Euro. The second disadvantage of Britain joining the euro is that the business enterprise is investment programs over again valuation. In the last few years, pound became more and more stronger and this is not good for exporter in Britain. Besides, most of the foreign business enterprise is investment programs over again valuation, such as the Japanese business enterprise will do that. Business enterprise had more and more change to choose good programs and to carry out. So government must provide more preferential treatment to the business enterprise. The third disadvantage of Britain joining the euro is people will lose their heart for the government. Such as the government bereave the sovereignty of the money flow. And worse still people will sovereignty their country approbation. it can not be happened in Britain.
In conclusion, although there are so many advantages and disadvantages of Britain joining euro, but There is no reason why the UK should not continue to attract foreign capital inflows even if initially outside the new currency arrangement. I think that at all event Euro consequence national financial marketing in London is steady increasing or not. It is not a good reason for Britain joining the euro. The key answer is that London could keep the national competition ability. The most impartment reason is financial specialist, because the financial specialist is invisible value in the world. Generally speaking, in the Europe, there are more than 80% of the huge nations financial institutions were arranging their business centre in London. Because the personnel cost and proceed tax were cheaper than other countries in Europe. A single currency means that there are no separate national monetary and instead a new central bank is set up. It means Britain cannot has an independence financial marketing. Until now Britain still does not have clear and definite schedule to joining euro. If Britain really uses a single currency- Euro, London, the financial marketing centre in Europe, will have much more opportunities to be developing to become the stock market, and currency exchange centre. In addition, Britain is a low labour cost and English-speaking country in Europe, if they can join Euro, it will brings a lot of financial investment opportunities which can make Britain become the biggest beneficiary. So Britain joins the Euro, it will likely be in 2002 if Labour is re-elected and if it is accepted by the public in a promised referendum on Britain's entry into it. Although there are lots of people against to join Euro, London and Euro still have a very close relationship from each other.